<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3541         </title>
<shortdesc>ELEC CD-NONPROFIT ORGS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kelly M. Cassidy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>10 ILCS 5/9-1.8</reference><aliasreference>from Ch. 46, par. 9-1.8</aliasreference><reference>10 ILCS 5/9-6</reference><aliasreference>from Ch. 46, par. 9-6</aliasreference><SynopsisText>     Amends the Election Code. Includes in the definitions of "political action committee", "ballot initiative committee", and "independent expenditure committee" an organization organized for tax-exempt status under the Internal Revenue Code. Provides that an organization that qualifies for tax-exempt status under the Internal Revenue Code may, in order to comply with the specific reporting provisions that are required of political committees, establish a separate political committee in which the exclusive function is to receive or make contributions, make expenditures, or any combination thereof, to support or oppose candidates or questions of public policy. Allows the nonprofit organizations to create a separate segregated fund in which contributions shall be deposited or made and from which expenditures shall be disbursed. Provides that if the nonprofit organization chooses the option, the disclosure of any deposits of money into the segregated fund shall report the original sources of the money and not the name of the parent nonprofit organization. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kelly M. Cassidy</action>
<statusdate>2/22/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/22/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

