### Question
How is the term gross receipts advantage defined?


### Answer
The term **gross receipts advantage** is defined in *52 U.S.C. § 30117* as the following:

> the excess, if any, of—


(I) the aggregate amount of 50 percent of gross receipts of a candidate's authorized committee during any election cycle (not including contributions from personal funds of the candidate) that may be expended in connection with the election, as determined on June 30 and December 31 of the year preceding the year in which a general election is held, over


(II) the aggregate amount of 50 percent of gross receipts of the opposing candidate's authorized committee during any election cycle (not including contributions from personal funds of the candidate) that may be expended in connection with the election, as determined on June 30 and December 31 of the year preceding the year in which a general election is held

#### Citation:
  - *52 U.S.C. § 30117*
  - Heading: **Subtitle III-Federal Campaign Finance > CHAPTER 301-FEDERAL ELECTION CAMPAIGNS > SUBCHAPTER I-DISCLOSURE OF FEDERAL CAMPAIGN FUNDS**

