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Replacing page with ' == '''''Gay Pride''''' =='
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An '''independent expenditure''' is money spent in a political campaign, which is subject to federal regulation.
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The federal government defines an "independent expenditure" subject to regulation as follows:<ref>http://www.fec.gov/pages/brochures/indexp.shtml</ref>
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== '''''Gay Pride''''' ==
 
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:An independent expenditure for communications "[[expressly advocating]] the election or defeat of a clearly identified candidate that is not made in cooperation, consultation, or concert with, or at the request or suggestion of, a candidate, a candidate's authorized committee, or their agents, or a political party or its agents."  11 CFR 100.16(a).
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Except for a certain type of small, informal corporation, corporations may not engage in express advocacy under the Federal Election Campaign Act.
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== Requirements of Independent Expenditures ==
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Independent expenditures must include a disclaimer in "a clear and conspicuous notice in the printed material or during the broadcast," and this disclaimer must:<ref>11 CFR 109.11, 110.11(a)(2) and (b)(3)</ref>
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* State that the communication is not authorized by any candidate or his committee; and
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* Identify the name and street address, telephone number or World Wide Web address of the person who financed the communication.
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An example of such disclaimer is: "Paid for by the XYZ PAC and not authorized by any candidate or candidate's committee. Contact us at: XYZ PAC, 203 First Street SE, Washington, DC 20001"
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The amount spent on an independent expenditure must be reported to the Federal Election Commission. 
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Independent expenditures may also be taxable under section 527(f) of the Internal Revenue Code.
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== Distributing a candidate's materials ==
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With a few exceptions, an independent expenditure does not include "any expenditure to distribute or republish campaign material (print or broadcast) produce or prepared by a candidate's campaign.  That would be an [[in-kind contribution]]. 
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== References ==
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<references/>
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[[Category:Political Terms]]
 
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