Iowa Admin. Code r. 351-4.17 - Schedule E - In-kind Contributions
(1)
Reporting of all in-kind
contributions; chronological listing. The committee shall report the
amounts of all in-kind contributions which are accepted by the committee during
the reporting period. The schedule entries shall be listed in chronological
order by the date on which the contribution is received.
(2)
Date of contribution
-date received. The schedule shall include the complete date
(month/day/year) on which the in-kind contribution was provided to the
committee. The actual or fair market value of the in-kind contribution shall be
reported regardless of whether or not the person providing the in-kind
contribution has been billed for the costs.
(3)
Name and address of
contributor The schedule shall include the name and address of each
person who has made one or more in-kind contributions to the committee if the
aggregate amount of contributions (either monetary or in-kind) received from
that person in the calendar year exceeds $25, except that the itemization
threshold is $200 for a state statutory political committee and $50 for a
county statutory political committee.
(4)
Relationship to
candidate. In the case of in-kind contributions to candidates'
committees, the schedule shall include information indicating whether the
contributor is related to the candidate within the third degree of
consanguinity or affinity, as defined in subrule 4.14(5).
(5)
Description of in-kind
contribution ; loaned equipment as in-kind contribution .
a. The schedule shall include a description
of the good or service contributed to the committee in kind. The description
shall be a clear and concise statement that specifically describes the
transaction which has occurred.
b.
A committee's use of equipment owned by another organization, committee, or
individual is reportable as an in-kind contribution . Equipment includes, but is
not limited to, typewriters, calculators, copy machines, office furniture,
computers and printers.
(6)
Fair market value. The
committee shall provide either the actual (if known) or estimated fair market
value of the good or service received.
(7)
Fund-raiser item. Goods
or services contributed in kind for sale at a fund-raising event shall be
designated by marking the indicated space on the schedule.
(8)
Unitemized
contributions. Notwithstanding the other provisions of this rule,
in-kind contributions with a fair market value less than the itemization
threshold noted in subrule 4.17(3) may be reported as "unitemized in-kind
contributions."
This rule is intended to implement Iowa Code section 68A.402.
Notes
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