Nevada legislation · 83rd Legislature (2025)
Nevada AB497: Revises provisions relating to campaign finance. (BDR 24-996)
Status: Chaptered, June 6, 2025
What the bill says
An act relating to campaign finance; authorizing a committee for political action to use money in its campaign finance account for certain purposes; providing that a labor union and certain business organizations and corporations are not a committee for political action for purposes of campaign finance requirements; revising provisions relating to the disposal of unspent campaign contributions; requiring certain persons that are not committees for political action to report certain expenditures; and providing other matters properly relating thereto…
From the enrolled text, May 27, 2025:
AN ACT relating to campaign finance; authorizing a committee for political action to use money in its campaign finance account for certain purposes; providing that a labor union and certain business organizations and corporations are not a committee for political action for purposes of campaign finance requirements; revising provisions relating to the disposal of unspent campaign contributions; requiring certain persons that are not committees for political action to report certain expenditures; and providing other matters properly relating thereto. Legislative Counsel's Digest: Existing law requires every committee for political action to, not later than 1 week after receiving contributions the sum of which, in the aggregate is $1,000 or more, open and maintain a separate account in a financial institution located in the United States for the deposit of any contributions received. (NRS 294A.130) Section 1 of this bill authorizes a committee for political action to use money in the account for certain purposes. Existing law provides that, except in certain circumstances, certain corporations and other business organizations as well as labor unions are excluded from the definition of a "committee for political action." (NRS 294A.0055) Section 2 of this bill revises the definition of a "committee for political action" to exclude from the definition: (1) any nonprofit organization or nonprofit corporation duly organized under federal law or under the laws …