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Title 26, Internal Revenue CodeRelease 119-110

§9034 Entitlement of Eligible Candidates to Payments

Title 26 › Subtitle H — Financing of Presidential Election Campaigns › CHAPTER 96 — PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT › § 9034

Last updated Sep 22, 2026|Official source

Summary

Eligible candidates must get payments that match each qualifying contribution they (or their authorized committees) receive on or after the start of the calendar year immediately before the presidential election year they seek nomination for. Money from any one person is counted only up to $250. A “contribution” here means a written gift of money that shows the giver’s full name and mailing address; loans, deposits, subscriptions, non‑money items, and certain other items are not counted. The total of those matching payments cannot be more than 50 percent of the spending limit set in section 315(b)(1)(A) of the Federal Election Campaign Act of 1971.

Full Legal Text

Title 26, §9034

Internal Revenue Code, Source: USLM XML via OLRC

(a)In general
Every candidate who is eligible to receive payments under section 9033 is entitled to payments under section 9037 in an amount equal to the amount of each contribution received by such candidate on or after the beginning of the calendar year immediately preceding the calendar year of the presidential election with respect to which such candidate is seeking nomination, or by his authorized committees, disregarding any amount of contributions from any person to the extent that the total of the amounts contributed by such person on or after the beginning of such preceding calendar year exceeds $250. For purposes of this subsection and section 9033(b), the term “contribution” means a gift of money made by a written instrument which identifies the person making the contribution by full name and mailing address, but does not include a subscription, loan, advance, or deposit of money, or anything of value or anything described in subparagraph (B), (C), or (D) of section 9032(4).
(b)Limitations
The total amount of payments to which a candidate is entitled under subsection (a) shall not exceed 50 percent of the expenditure limitation applicable under section 315(b)(1)(A) of the Federal Election Campaign Act of 1971.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 315(b)(1)(A) of the Federal Election Campaign Act of 1971, referred to in subsec. (b), is classified to section 30116(b)(1)(A) of Title 52, Voting and Elections.

Amendments

2007—Subsec. (b). Pub. L. 110–172 substituted “section 315(b)(1)(A)” for “section 320(b)(1)(A)”. 1976—Subsec. (b). Pub. L. 94–283 substituted “section 320(b)(1)(A) of the Federal Election Campaign Act of 1971” for “section 608(c)(1)(A) of title 18, United States Code”.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable with respect to taxable years beginning after Dec. 31, 1974, see section 410(c)(1) of Pub. L. 93–443, set out as an

Effective Date

of 1974 Amendment note under section 30101 of Title 52, Voting and Elections.

Reference

Citations & Metadata

Citation

26 U.S.C. § 9034

Title 26, Internal Revenue Code

Last Updated

Sep 22, 2026

Release point: 119-110