In general, who regulates PACs and what are some of the rules surrounding donations?
The Minnesota Campaign Finance and Public Disclosure Board oversees the regulations of all political committees in the state. By law, donations, expenditures and contributions must be reported to this Board once thresholds are met. Only personal contributions are accepted by a PAC. For tax purposes, the Internal Revenue Service also regulates political committees. Any donation to a PAC is cannot be deductible for income tax purposes.
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