North Carolina S1086 requires disclosure of the original source of funds for donations over $6,800 in elections.

North Carolina S1086 mandates that filers report the identity of the original source of funds, the amounts, and any intermediaries for donations exceeding $6,800 in an election. This applies to political committees receiving more than $6,800 from any one person. The bill defines "original source" as an individual contributing wages, investment income, or bequests, or a person contributing money from ordinary commercial transactions. This act becomes effective upon becoming law and applies to donations made thereafter.

North Carolina S1086 requires disclosure of the original source of funds for donations over $6,800 in elections.

North Carolina S1086 mandates that filers report the identity of the original source of funds, the amounts, and any intermediaries for donations exceeding $6,800 in an election. This applies to political committees receiving more than $6,800 from any one person. The bill defines "original source" as an individual contributing wages, investment income, or bequests, or a person contributing money from ordinary commercial transactions. This act becomes effective upon becoming law and applies to donations made thereafter.