Internal Revenue Code:Sec. 9035. Qualified campaign expense limitations

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Location in Internal Revenue Code

     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle H - Financing of Presidential Election Campaigns
       CHAPTER 96 - PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
     

Statute

    Sec. 9035. Qualified campaign expense limitations
 
    (a) Expenditure limitations
      No candidate shall knowingly incur qualified campaign expenses in
    excess of the expenditure limitation applicable under section
    320(b)(1)(A) of the Federal Election Campaign Act of 1971, and no
    candidate shall knowingly make expenditures from his personal
    funds, or the personal funds of his immediate family, in connection
    with his campaign for nomination for election to the office of
    President in excess of, in the aggregate, $50,000.
    (b) Definition of immediate family
      For purposes of this section, the term ''immediate family'' means
    a candidate's spouse, and any child, parent, grandparent, brother,
    half-brother, sister, or half-sister of the candidate, and the
    spouses of such persons.
 

Sources

    (Added Pub. L. 93-443, title IV, Sec. 408(c), Oct. 15, 1974, 88
    Stat. 1300; amended Pub. L. 94-283, title III, Sec. 305(a), 307(c),
    May 11, 1976, 90 Stat. 499, 501.)
 

References in Text

                             REFERENCES IN TEXT
      Section 320 of The Federal Election Campaign Act of 1971,
    referred to in subsec. (a), was renumbered section 315 of that Act
    by Pub. L. 96-187, title I, Sec. 105(5), Jan. 8, 1980, 93 Stat.
    1354, and is classified to section 441a of Title 2, The Congress.
 

Miscellaneous

                                 AMENDMENTS
      1976 - Pub. L. 94-283 substituted ''limitations'' for
    ''limitation'' in section catchline, designated existing provisions
    as subsec. (a), inserted ''Expenditure limitations'' as heading of
    subsec. (a) as so redesignated and substituted ''section
    320(b)(1)(A) of the Federal Election Campaign Act of 1971, and no
    candidate shall knowingly make expenditures from his personal
    funds, or the personal funds of his immediate family, in connection
    with his campaign for nomination for election to the office of
    President in excess of, in the aggregate, $50,000'' for ''section
    608(c)(1)(A) of title 18, United States Code'', and added subsec.
    (b).
                      EFFECTIVE DATE OF 1976 AMENDMENT
      Section 305(d) of Pub. L. 94-283, as amended by Pub. L. 99-514,
    Sec. 2, Oct. 22, 1986, 100 Stat. 2095, provided that: ''For
    purposes of applying section 9035(a) of the Internal Revenue Code
    of 1986 (formerly I.R.C. 1954), as amended by subsection (a),
    expenditures made by an individual after January 29, 1976, and
    before the date of the enactment of this Act (May 11, 1976) shall
    not be taken into account.''
 

References

                   SECTION REFERRED TO IN OTHER SECTIONS
      This section is referred to in sections 9033, 9042 of this title.