Amends TCA Title 2, Chapter 10.

This bill makes the following changes and additions to present law concerning campaign finance:<br /> <br /> (1) Removes the requirement that candidates and political campaign committees file pre-primary, pre-general election, and runoff election contribution and expenditure statements, so that only quarterly statements will be required during election years;<br /> <br /> (2) Removes the requirement that, during the 10-day period immediately preceding an election, candidates and political campaign committees file daily reports of contributions that exceed $5,000 for a state public office or $2,500 for a local public office;<br /> <br /> (3) Makes terms uniform by substituting the "statements" for "reports";<br /> <br /> (4) Removes the $100 threshold for fully disclosing donors in contributions statements and authorization to list all contributions of $100 or less as a single item in the statement. Under this bill, candidates and political campaign committees will be required to list the full name, complete address, occupation, and employer of each person who donates any amount during the statement period, instead of being required to provide such information only for those persons who donate more than $100;<br /> <br /> (5) Replaces authorization for a candidate or political campaign committee to file a statement that neither the contributions received nor the expenditures made during the period for which the statement is submitted exceeded $1,000 in lieu of filing a statement of contributions and expenditures. Under this bill, a candidate or political campaign committee will be required to file either a statement that there were not contributions or expenditures during the statement period or a statement of contributions and expenditures;<br /> <br /> (6) Makes changes similar to those described in (4) to require individual listing of expenditures and in-kind donations of more than $100; and<br /> <br /> (7) Deletes a present law requirement that triggers an audit when more than 30 percent of a candidate's reported contributions are unitemized and total more than $5,000, which this bill's contribution disclosure requirements would render moot.<br /> <br /> This bill takes effect January 1, 2022.<br />