campaign finance; corporate contributions; registration

HB 2509 restricts direct corporate and labor organization contributions to candidate committees while creating new rules for their political activity. It allows corporations, LLCs, and labor organizations to establish separate segregated funds (SSFs) for employee, member, and affiliate contributions, but requires these SSFs to register as political action committees. The bill mandates strict reporting: corporations must notify election officials within one day of exceeding $5,000 in statewide races, $2,500 in legislative races, or $1,000 in local races, providing details like contributor names, amounts, and candidate support/opposition. This directly affects corporations, their employees/members (who can contribute to SSFs), and political committees receiving funds. Violations carry civil penalties up to three times the contribution amount.