House File 187 - Introduced HOUSE FILE 187 BY ISENHART A BILL FOR An Act relating to independent expenditures in campaigns and 1 providing for a penalty. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1927YH (3) 84 jr/rj

H.F. 187 Section 1. NEW SECTION . 68A.404A Independent expenditures 1 —— tax benefits —— penalty. 2 1. A person or entity making an independent expenditure or 3 providing funds to another entity for the purpose of making 4 an independent expenditure shall not be eligible to receive 5 a tax benefit or program incentive that is offered by the 6 state or any of its political subdivisions and that is not 7 made generally available if the person or entity has made 8 an independent campaign expenditure of seven hundred fifty 9 dollars or more in the aggregate in any calendar year within 10 the previous five years. 11 2. A person or entity receiving a tax benefit or program 12 incentive that is offered by the state or any of its political 13 subdivisions and that is not made generally available shall 14 be disqualified from receiving any tax benefit or program 15 incentive for five years if the person or entity makes an 16 independent campaign expenditure described in subsection 1. 17 If the person or entity is currently receiving such a benefit 18 or incentive, the benefit or incentive shall be terminated 19 effective on the date of the independent campaign expenditures. 20 3. The board shall post to an internet site, on a quarterly 21 basis, a list of all persons or entities making independent 22 expenditures and shall provide the list to the secretary of 23 state. The secretary of state shall provide the list to all 24 state and local government bodies for which candidate elections 25 are held. 26 4. A person or entity violating the provisions of section 27 68A.404 or this section shall be penalized by the board in an 28 amount not to exceed the amount of the independent expenditure. 29 5. This section does not apply to ballot issue elections. 30 EXPLANATION 31 This bill prohibits a person from receiving a state or 32 local tax benefit or program incentive that is not generally 33 available if the person has made an independent campaign 34 expenditure of $750 or more in the aggregate in any calendar 35 -1- LSB 1927YH (3) 84 jr/rj 1/ 2

H.F. 187 year within the previous five years. 1 The bill requires that the campaign finance and disclosure 2 board publish a list on the internet of all persons or entities 3 making independent expenditures. 4 The bill provides that a person violating Code section 5 68A.404 or the provisions of this bill shall be penalized in an 6 amount not to exceed the amount of the independent expenditure. 7 -2- LSB 1927YH (3) 84 jr/rj 2/ 2