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A corporation can make unlimited expenditures for political purposes or political issues in Utah. Expenditures made for political purposes include those made with the intent of directly or indirectly influencing people to vote for or against any candidate for public office. Expenditures made for political issues include influencing the approval or defeat on any current or proposed ballot issues. Corporations can make political expenditures by contributing to a candidate's personal campaign committee, a political action committee, a political issues committee, or a political party.
Once a corporation spends $750 in a calendar year for political purposes or political issues, they are required to file a financial disclosure report with the Lt. Governor's Office. If a corporation does not make any expenditures during a reporting period, the corporation is not required to file a financial disclosure report.
Please note that as of May 2013 corporations are required to disclose contributions under certain circumstances and to provide the name and address of contributors. Corporations are also required to send notice to each donor that the contributions may be used for political purposes. You can see the new requirements here.
Effective January 1, 2011, a corporation submitting a financial disclosure report must answer whether the corporation, including any officer of the corporation, director, or person with at least 10% ownership in the corporation, has bid on a state contract, is currently bidding on a state contract, or is a party to a state contract in excess of $100,000.
Financial Disclosure Report Deadlines
|Due Date||What the Report Covers|
|7 days before the state political convention for each major politcal party
||Contributions and expenditures from January 1 to 12 days before the convention and any previously unreported items.|
|7 days before the regular primary election in even- numbered year||Contributions and expenditures from 12 days before the convention through 12 days before the primary.
|August 31 of each year||Contributions and expenditures from 12 days before the primary election to August 26 of that year.|
|7 days before the regular general election||Contributions and expenditures from August 26 to 12 days before the general election.|
|January 10 of each year||Contributions and expenditures from 12 days before the general election during an even-numbered year, and August 26 during an odd-numbered year until December 31.
Financial disclosure reports must include the following information:
- the date
- the amount
- the purpose of each expenditure and the name and address of each recipient
Non-monetary Contributions or Expenditures
(In-kind contributions & expenditures)
The corporation must report the fair market value of each non-monetary contribution or expenditure that it receives or makes.
All reports must be submitted electronically via the website Disclosures.utah.gov.
Any corporation that fails to file its financial disclosure reports is guilty of a class B misdemeanor and may be subject to a fine of $100. The Lt. Governor is required to report those who fail to file to the Attorney General.