SECTION 1. Chapter 55 of the General Laws, as most recently amended by chapter 194 of the acts of 2011, is hereby further amended by striking section 7A, and inserting in place thereof the following section:-

Section 7A. (a)(1) An individual may make campaign contributions to candidates or candidates’ committees; provided, however, that the aggregate of all such contributions for the benefit of any one candidate and that candidate's committee shall not exceed the sum of $750 per election.

(2) An individual may in addition make campaign contributions for the benefit of elected political committees or non-elected political committees organized on behalf of a political party; provided, however, that the aggregate of such campaign contributions for the benefit of the political committees of any one political party shall not exceed the sum of $7,500 per election.

(3) An individual may in addition make campaign contributions to any political committee not specified in paragraph (1), (2) or (4); provided, however, that the aggregate of such campaign contributions to any one such political committee shall not exceed the sum of $750 per election.

(4) An individual may in addition make contributions without limitation to ballot question committees.

(5) Notwithstanding any other provision of this subsection, the aggregate of all contributions from any one individual to all candidates and candidate's committees shall not exceed the sum of $18,750 per election;

(b) Notwithstanding any other provision of this chapter, the aggregate of all contributions by a legislative or executive agent for the benefit of any one candidate and such candidate's committee shall not exceed the sum of $200 per election. Notwithstanding any other provision of this chapter, the aggregate of all contributions by a legislative or executive agent to any other political committee, other than a ballot question committee, shall not exceed the sum of $200 per election.

(c) The contribution and aggregate amount limits referred to in this section shall be indexed biennially for inflation by the director, who, not later than December thirty-first of each even numbered year beginning with 2013, shall calculate and publish such indexed amount, using the federal consumer price index for the Boston statistical area. Such limits, after being calculated as above, shall be rounded to the nearest $50; provided, that, if such resulting amount is less than $50, the director shall retain a record of the resulting amount, when added to the resulting amount calculated in each even numbered year since the last adjustment was made equals or exceeds $50.

(d) For purposes of the limitations on contributions, a contribution to a designated contribution committee which is forwarded to the designated recipient shall be treated in all respects as a direct contribution from the original contributor to the designated recipient.