AgELECT is the Indiana state political action committee of Indiana Farm Bureau, Inc. Contributions to AgELECT are used for state political purposes and are entirely voluntary. Contributions to AgELECT are not tax deductible. State law requires AgELECT to report the name and mailing address of any contributor whose total contribution exceeds $100 during a calendar year. Unless otherwise specified or unless the contribution exceeds $2,000, 30% of a corporation’s contribution to AgELECT shall be designated to Indiana State Senate candidates and 70% of a corporation’s contribution to AgELECT shall be designated to Indiana State House of Representatives candidates. All corporate contributions greater than $2,000 must be earmarked according to the instructions of the corporation. It is a corporation’s responsibility to ensure it does not exceed the state’s political contribution limits. A corporation can make a total annual contribution of $2,000 to candidates for state Senate and $2,000 to candidates for state House of Representatives. Subchapter S corporations are subject to the corporate giving limitations. Contributions made by individuals, LLCs, sole proprietorships, or partnerships shall be designated to the general fund of AgELECT and are not limited in amount by state law.