Relating to campaign finance.

Establishes Task Force on Campaign Finance Reform. Directs task force to study and make recommendations on reforming campaign finance in this state. ] Sunsets task force on December 31, 2020. ] Takes effect on 91st day following adjournment sine die. ] Establishes limits on campaign contributions that may be accepted by candidates and political committees. Requires political committee to identify as caucus, measure, multicandidate, political party, recall or small donor political committee. Prohibits person from controlling more than one of each committee. Authorizes Secretary of State and Attorney General to require return of contribution excess of limits and impose civil penalty up to 150 percent of total amount of contribution. Repeals Ballot Measure 47 (2006), currently held in abeyance, which establishes limits on political campaign contributions and independent expenditures on candidate races and establishes certain campaign finance disclosure requirements. Becomes operative December 3, 2020.