§ 1627Annual Reports

(a) All political committees and candidates, including those
committees and candidates filing reports under section 1626 (d)
and (e), shall file a report on January 31 of each year which
shall be complete as of December 31 of the prior year. Such
reports shall be filed annually at this time until there is no
balance or debt in the report of the candidate or political
committee. Such reports shall be cumulative. However, if there
has been no change in the account, then the candidate or
political committee shall file a statement to that effect with
the appropriate supervisor. Each form designated by the
Secretary of the Commonwealth for filing a report or statement
required by section 1626(e) shall contain a block which may be
marked by the candidate or political committee designating it
a termination report or statement. If such report or statement
is so designated, or if an authorized candidate elects to file
no report or statement pursuant to section 1626.1, no annual
report need be filed under this section unless contributions
were received or expenditures made subsequent to the time period
for filing of such termination report. However, no candidate
or political committee may terminate by way of a statement where
the unpaid balance indicated in the previous report was greater
than two hundred fifty dollars ($250). In the case of annual
reports said report shall cover the campaign activity of a
candidate or political committee from the last prior report or
statement.
   (b) Any political committee required to be registered under
this act and not reporting under section 1626 shall file an
annual report under this section. However, if a political
committee makes aggregate expenditures as defined in section
1621 in an amount less than two hundred fifty dollars ($250)

or incurs aggregate debt in an amount less than two hundred
fifty dollars ($250) during the calendar year to influence an
election, it need not file an annual report; provided that this
exception shall not be applicable to a candidate's political
committee or to a State or county committee of a political party
or political body or to a political action committee of a
corporation or unincorporated association. ((b) amended July
11, 1980, P.L.625, No.129)
   (1627 amended July 11, 1980, P.L.591, No.127)