Campaign finance: public disclosure; financial reporting requirement for political nonprofits; provide for. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding secs. 29a & 29b. TIE BAR WITH: HB 4270'25

HB 4269 requires political nonprofits - specifically 527 organizations (like issue advocacy groups) and 501(c)(4) social welfare groups - to publicly disclose detailed financial information. These groups must electronically file annual reports by January 31 and July 31, listing donor names, occupations, addresses (for contributions over $100), and itemized expenditures over $100. Organizations with less than $5,000 in annual activity may request a filing waiver. Failure to comply risks fines (up to $5,000) or dissolution for repeated violations, including intentional underreporting of contributions or expenditures.