requiring certain political committees to disclose the identity of their donors.

HB 1201 requires political committees exempt from federal taxation under IRS sections 501(c)(4), 501(c)(5), or 501(c)(6) to disclose their donors' identities in financial reports. This directly affects these tax-exempt political committees, which previously could avoid disclosing donors. The bill amends state law to eliminate their current exemption from donor disclosure, replacing it with a mandatory requirement. It removes the prior option for such committees to avoid disclosure by using a voter notice disclaimer.