Most people think of April 15th as the tax filing deadline but two important campaign reports are also due next week.
Minnesota political committees, political funds, independent expenditure committees and independent expenditure funds must file a Report of Receipts and Expenditures with the Minnesota Campaign Finance and Public Disclosure Board (“Board”) on or before April 14, 2014. The report should include all cash and in-kind contributions received, as well as all expenditures made, from January 1, 2014 – March 31, 2014. Late filers are subject to a penalty of $50 per day. Independent expenditure committees and funds that have received contributions from corporations or other associations must receive a completed Underlying Disclosure Form from the contributing association prior to filing the quarterly report. Although the Underlying Disclosure form is not filed with the Board, if a committee fails to get the report, the committee is subject to a penalty of up to four (4) times the contribution amount, not to exceed $25,000. State reports may be filed electronically, but may also be emailed to the Board’s office at email@example.com or faxed to (651) 539-4114.
Federal committees are required to file a quarterly report with the Federal Election Commission (“FEC”) on or before April 15, 2014. The federal report should include all activity from January 1, 2014 – March 31, 2014. The FEC requires most committees to file reports electronically although small committees who have not filed electronic reports in the past may qualify for a paper-report exemption. For more information, see http://www.fec.gov/elecfil/ef_overview.shtml