Section 163-278.7A - Gifts from federal political committees(a) Except as limited or otherwise provided in subsection (b) of this section, it shall be permissible for a federal political committee organized pursuant to the Federal Election Campaign Act and its regulations to make contributions to a North Carolina candidate or political committee in accordance with the applicable limits specified in G.S. 163-278.13(a). (b) No federal political committee or other political organization, as defined in section 527(e)(1) of the Internal Revenue Code of 1986 and subject to the disclosure requirements of section 527(j) of the Internal Revenue Code of 1986, may contribute to North Carolina candidates or political committees if it accepts contributions from sources prohibited from contributing under G.S. 163-278.19; provided, however, that any such committee or organization that also accepts and maintains in one or more segregated accounts contributions from sources not prohibited by G.S. 163-278.19, whether or not limited in amount, may contribute to any national, State, district, or county executive committee of any political party or an affiliated party committee exclusively from such segregated account(s) containing funds from sources not prohibited by G.S. 163-278.19.(c) Any federal political committee or other political organization making any contribution pursuant to this section shall do all of the following:(1) Comply with applicable reporting, operating, contribution, and other requirements and limits of federal law.(2) Within 10 calendar days of making a permitted contribution, file with the State Board a copy of its then-effective Statement of Organization filed with the Federal Election Commission or Internal Revenue Service Form 8871, as applicable, unless previously filed.(3) For any federal filing period during which the contributing committee or organization makes a permitted contribution, submit to the State Board a copy of its regularly required report filed with the Federal Election Commission or Internal Revenue Service Form 8872 within 10 calendar days of such filing.N.C. Gen. Stat. § 163-278.7A
Amended by 2024 N.C. Sess. Laws 16,s. 5-b, eff. 6/27/2024, applicable to contributions made or received on or after that date.1995 (Reg. Sess., 1996), c. 593, s. 1; 2003-274, s. 1; 2017-6, s. 3; 2018-146, s. 3.1(a), (b).