Spending Limits And Campaign Contributions. Lobbyist Restrictions.

SPENDING LIMITS AND CAMPAIGN CONTRIBUTIONS. LOBBYIST RESTRICTIONS. INITIATIVE STATUTE. Limits contributor\u27s contributions per candidate per election to $200 for statewide offices, $100 for most other offices. Allows committees of small contributors 100 times this individual limit. Imposes spending limits. Prohibits more than 25% of contributions from outside district. Limits total contributions by committees and individuals. Limits fundraising to nine months before election. Bans contributions from businesses, unions, banks, and nonprofit corporations. Prohibits transfers between candidates. Prohibits tax deduction for lobbying expenses. Prohibits lobbyists from making/arranging contributions to those they influence. Requires disclosure of top contributors on ballot measure advertising. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Implementation of this measure would result in increased campaign finance enforcement costs ranging from $1.5 million to $2.5 million, and increased General Fund revenues of $6 million due to elimination of tax deductions for lobbying expenses and unknown potential fines and penalty revenues