This guide is a summary of reporting requirements and other regulations set out in title 15 of the Texas Election Code (chs. 2. I'm not going to raise any money.Do I still need to appoint a treasurer? How can I obtain a copy of the bylaws, tax exempt filings or other documents for a nonprofit organization? What is a nonprofit corporation? Contributions are an important part of what allows campaigns to grow. (a) Each candidate and each officeholder shall maintain a record of all reportable activity. Furthermore, donors need donation receipts if they want to claim charitable donations on their tax returns. The answer is no – donations to political candidates are not tax deductible on your personal or business tax return. The same goes for campaign contributions.