SB 354

Maryland Senate bill in Session 2026.

Status: enacted. Latest action: June 25, 2026.

Business Regulation - Charitable Organizations - Audit and Review Thresholds.

Bill ID MD-2026-SB-354
Session 2026
Status enacted
Committee Judicial Proceedings; Economic Matters
Senate enacted 2026-06-25
Summary

Increasing the minimum gross income amounts from charitable contributions at which a charitable organization must include a certain audit or a certain review with a registration statement; increasing the amount of cash receipts from charitable contributions the Secretary of State may accept an affidavit attesting to under certain circumstances; increasing the maximum amount of gross income of a charitable organization at which the Secretary of State may require an audit or review from $750,000 to $1,000,000; etc.

Sponsor
Senator Kagan
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-23 Introduced Bill introduced
2026-06-25 Status enacted
2026-06-25 Latest Action Approved by the Governor - Chapter 394
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