Page:United States Statutes at Large Volume 90 Part 1.djvu/550

 90 STAT. 500 V.r«:^...;

26 USC 9003.

26 USC 9002. Ante, p. 498. ac'i.

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26 USC 9032.

26 USC 9033.

PUBLIC LAW 94-283—MAY 11, 1976 following new sentence: "The term 'candidate' shall not include any individual who has ceased actively to seek election to the office of President of the United States or to the office of Vice President of the United States, in more than one State.". (2) Section 9003 of the Internal Revenue Code of 1954 (relating to condition for eligibility for payments) is amended by adding at the end thereof the following new subsection: "(d) WITHDRAWAL BY CANDIDATE.—In any case in which an individual ceases to be a candidate as a result of the operation of the last sentence of section 9002(2), such individual— "(1) shall no longer be eligible to receive any payments under section 9006, except that such individual shall be eligible to receive payments under such section to defray qualified campaign expenses incurred while actively seeking election to the office of President of the United States or to the office of Vice President of the United States in more than one State; and " (2) shall pay to the Secretary or his delegate, as soon as practicable after the date upon which such individual ceases to be a candidate, an amount equal to the amount of payments received by such individual under section 9006 which are not used to defray qualified campaign expenses.". (b)(1) Section 9032(2) of the Internal Revenue Code of 1954 (defining candidate) is amended by adding at the end thereof the following new sentence: "The term 'candidate' shall not include any individual who is not actively conducting campaigns in more than one State in connection with seeking nomination for election to be President of the United States.". (2) Section 9033 of the Internal Revenue Code of 1954 (relating to eligibility for payments) is amended by adding at the end thereof the following new subsection: "(c) TERMINATION or PAYMENTS.—•

26 USC 9037.

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"(1) GENERAL RULE.—Except as provided by paragraph (2), no payment shall be made to any individual under section 9037— "(A) if such individual ceases to be a candidate as a result of the operation of the last sentence of section 9032(2); or "(B) more than 30 days after the date of the second consecutive primary election in which such individual receives less than 10 percent of the number of votes cast for all candidates of the same party for the same office in such primary election, if such individual permitted or authorized the appearance of his name on the ballot, unless such individual certifies to the Commission that he will not be an active candidate in the primary involved. "(2)

QUALIFIED CAMPAIGN EXPENSES; PAYMENTS TO SECRE-

TARY.—Any candidate who is ineligible under paragraph (1) to receive any payments under section 9037 shall be eligible to continue to receive payments under section 9037 to defray (qualified campaign expenses incurred l^efore the date upon which such candidate becomes ineligible under paragraph (1). "(3)

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CALCULATION OF VOTING PERCENTAGE.—For purposes of

paragraph (1)(B), if the primary elections involved are held in

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