§ 9035. — Qualified campaign expense limitations.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC9035]
TITLE 26--INTERNAL REVENUE CODE
Subtitle H--Financing of Presidential Election Campaigns
CHAPTER 96--PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT
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.
(Added Pub. L. 93-443, title IV, Sec. 408(c), Oct. 15, 1974, 88 Stat.
1300; amended Pub. L. 94-283, title III, Secs. 305(a), 307(c), May 11,
1976, 90 Stat. 499, 501.)
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.
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.''
Section Referred to in Other Sections
This section is referred to in sections 9033, 9042 of this title.
