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.

The Ethics and Campaign Disclosure Board has hired Megan Tooker as its new executive director. Tooker was unanimously selected by the six-member board and will assume the role on January 1, 2011. Before joining the agency, she graduated from Drake law school and clerked for former state supreme court Justice Michael Streit.

The outgoing director, Charlie Smithson, is stepping down from the position to become the Iowa House’s new chief clerk. Smithson had been with the board since 1998 and was originally its legal counsel. The Ethics and Campaign Disclosure board administers and advises on state lobbying, campaign and ethics laws and, to a certain extent, local ethics rules.

The new law requires groups like The Iowa Right-to-Life Committee, which is organized as a corporation, to form a PAC if they wish to make independent expenditures. The group claims this requirement and the new disclosure requirements are an unconstitutional burden on their First Amendment rights.

Supporters of the law are calling this suit a “political stunt.”

Photo of the Iowa Capitol by Cburnett on Wikipedia.