New Hampshire Gov. Chris Sununu signed Senate Bill 348 codifying the attorney general’s interpretation of state campaign finance limits.

Contribution limits apply to each of the three phases of the election cycle: the exploratory phase, the primary election, and the general election.

Individuals and corporations are permitted to contribute up to $5,000 per election phase to candidates and candidate committees and up to $10,000 per election phase to non-candidate political committees and political parties.

Under the new campaign finance limits, non-candidate political committees and political parties will be able to contribute an unlimited amount to other non-candidate political committees and political parties.

Senate Bill 348 will take effect on January 1, 2023.