Qualified Campaign Expense Law and Legal Definition
According to 26 USCS § 9002 [Title 26. Internal Revenue Code; Subtitle H. Financing of Presidential Election Campaigns; Chapter 95. Presidential Election Campaign Fund] the term qualified campaign expense means “an expense--
(A) incurred (i) by the candidate of a political party for the office of President to further his election to such office or to further the election of the candidate of such political party for the office of Vice President, or both (ii) by the candidate of a political party for the office of Vice President to further his election to such office or to further the election of the candidate of such political party for the office of President, or both, or (iii) by an authorized committee of the candidates of a political party for the offices of President and Vice President to further the election of either or both of such candidates to such offices,
(B) incurred within the expenditure report period (as defined in paragraph (12)), or incurred before the beginning of such period to the extent such expense is for property, services, or facilities used during such period, and
(C) neither the incurring nor payment of which constitutes a violation of any law of the United States or of the State in which such expense is incurred or paid.
An expense shall be considered as incurred by a candidate or an authorized committee if it is incurred by a person authorized by such candidate or such committee, as the case may be, to incur such expense on behalf of such candidate or such committee. If an authorized committee of the candidates of a political party for President and Vice President of the United States also incurs expenses to further the election of one or more other individuals to Federal, State, or local elective public office, expenses incurred by such committee which are not specifically to further the election of such other individual or individuals shall be considered as incurred to further the election of such candidates for President and Vice President in such proportion as the Commission prescribes by rules or regulations.”
Legal Definition list
Related Legal Terms
- Additional Living Expense Insurance
- Administration Expenses [Probate]
- Administrative Expense Claim
- Allocated Loss Expense
- Allowable Medical Expenses
- Alternate Payee to Qualified Domestic Relations Order
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
- Bad Debt Expense
- Bipartisan Campaign Reform Act
- Blue Campaign
