Texas § EL.254.044 - REPORTING OF POLITICAL CONTRIBUTIONS AND EXPENDITURES MADE USING CREDIT CARD

§ EL.254.044. REPORTING OF POLITICAL CONTRIBUTIONS AND EXPENDITURES MADE USING CREDIT CARD

REPORTING OF POLITICAL CONTRIBUTIONS AND EXPENDITURES MADE USING CREDIT CARD. (a) A candidate or officeholder who accepts a political contribution made using a credit card shall: (1) for a political contribution for which a processing fee is deducted by the credit card issuer from the political contribution amount: (A) report as a political contribution the full amount, including the deducted amount; and (B) report as a political expenditure the deducted amount; and (2) for a political contribution for which a processing fee is paid by the person making the political contribution in excess of the political contribution amount, report only as a political contribution the full amount the candidate or officeholder accepts, not including the amount paid in excess of the political contribution amount. (b) A candidate or officeholder who accepts a political contribution described by Subsection (a)(2) is not required to report the excess amount paid as a processing fee by the person making the political contribution. Added by Acts 2023, 88th Leg., R.S., Ch. 853 (H.B. 3372 ), Sec. 1, eff. September 1, 2023. SUBCHAPTER C. REPORTING BY CANDIDATE