1. (a) Except as provided in subsection (b), "political action committee" means an organization located within or outside Indiana that satisfies all of the following:

   1. (1) The organization proposes to influence:

      1. (A) the election of a candidate for state, legislative, local, or school board office; or
      2. (B) the outcome of a public question.

   2. (2) The organization accepts contributions or makes expenditures during a calendar year:

      1. (A) to influence the election of a candidate for state, legislative, local, or school board office or the outcome of a public question that will appear on the ballot in Indiana; and
      2. (B) that in the aggregate exceed one hundred dollars ($100).

   3. (3) The organization is not any of the following:

      1. (A) An auxiliary party organization.
      2. (B) A legislative caucus committee.
      3. (C) A regular party committee.
      4. (D) A candidate's committee.
2. (b) A corporation or labor organization that makes a contribution in accordance with IC 3-9-2 or makes an expenditure is not considered a political action committee.

As added by P.L.186-2025, SEC.6.