1.1 	A bill for an act
1.2 	relating to campaign finance; requiring certain political contributions and 
1.3 	independent expenditures be made from funds subject to the individual income 
1.4 	tax;amending Minnesota Statutes 2018, section 10A.27, by adding a subdivision; 
1.5 	proposing coding for new law in Minnesota Statutes, chapter 211B.
1.6 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.7 	Section 1. Minnesota Statutes 2018, section 10A.27, is amended by adding a subdivision 
1.8 	to read:
1.9 		Subd. 14a.No pretax contributions. Political contributions and independent expenditures 
1.10 	of funds derived from revenues of a corporation or limited liability company may be made, 
1.11 	whether directly or indirectly, only from funds that have been reported, or will be required 
1.12 	to be reported, as income on individual income tax returns, such as corporate dividends, 
1.13 	salaries, wages, commissions, bonuses, and capital gains. This subdivision applies to 
1.14 	contributions and independent expenditures for all state and local races.

1.15 	Sec. 2. [211B.151] PROHIBITION ON PRETAX CONTRIBUTIONS.
1.16 	Political contributions and independent expenditures of funds derived from revenues of 
1.17 	a corporation or limited liability company may be made, whether directly or indirectly, only 
1.18 	from funds that have been reported, or will be required to be reported, as income on individual 
1.19 	income tax returns, such as corporate dividends, salaries, wages, commissions, bonuses, 
1.20 	and capital gains. This section applies to contributions and independent expenditures for 
1.21 	all state and local races.