A bill has been introduced in the Iowa Legislature to impose a five percent “fee” on contributions in excess of $250 per year received by a PAC, candidate, or candidate’s committee from a single source.

Additionally, House File 140 would apply the same fee to political advertisements made by candidates or their committees and independent expenditures made by corporations.

The funds raised would be used to help offset the cost of operating the Iowa Ethics and Campaign Disclosure Board.

Photo of the Iowa State Capitol by Iqkotze on Wikipedia.