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A BILL TO BE ENTITLED
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AN ACT
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relating to the reporting of political contributions and |
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expenditures made using a credit card. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 254, Election Code, is |
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amended by adding Section 254.044 to read as follows: |
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Sec. 254.044. REPORTING OF POLITICAL CONTRIBUTIONS AND |
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EXPENDITURES MADE USING CREDIT CARD. A candidate or officeholder |
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who accepts a political contribution made using a credit card |
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shall: |
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(1) report as a political contribution the full |
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amount, including any amount deducted from the political |
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contribution by the credit card issuer as a processing fee; and |
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(2) report as a political expenditure any amount |
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deducted from the political contribution by the credit card issuer |
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as a processing fee. |
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SECTION 2. Section 254.044, Election Code, as added by this |
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Act, applies only to a report of political contributions and |
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expenditures under Chapter 254, Election Code, that is required to |
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be filed on or after January 1, 2024. |
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SECTION 3. This Act takes effect September 1, 2023. |