Maryland legislation · 2026 Regular Session
Maryland SB354: Business Regulation - Charitable Organizations - Audit and Review Thresholds
Status: Signed into law, May 12, 2026
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.
What the bill says
An act concerning Business Regulation - Charitable Organizations - Audit and Review Thresholds FOR the purpose of increasing the minimum gross income amounts from charitable contributions at which a charitable organization must include a certain audit or a certain review with the charitable organization's registration statement; increasing the amount of cash receipts from charitable contributions the Secretary of State may accept an affidavit attesting to under certain circumstances…
From the enrolled text, May 18, 2026:
AN ACT concerning Business Regulation - Charitable Organizations - Audit and Review Thresholds FOR the purpose of increasing the minimum gross income amounts from charitable contributions at which a charitable organization must include a certain audit or a certain review with the charitable organization's 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 of the charitable organization; and generally relating to audit and review thresholds for charitable organizations. BY repealing and reenacting, without amendments, Article - Business Regulation Section 6-402(a) Annotated Code of Maryland (2024 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - Business Regulation Section 6-402(b)(7), (c)(1)(v), and (d) Annotated Code of Maryland (2024 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Business Regulation 6-402. (a) A registration statement shall be on the form that the Secretary of State provides. (b) Except as provided in subsection (c) of this section, the registration statement shall contain or be accompanied by: (7) (i) an audit by an independent certified public …
Sponsors
- Cheryl Kagan (D, SD-017) · primary sponsor
- Jeff Waldstreicher (D, 18)
Latest actions
- : Approved by the Governor - Chapter 394
- : Passed Enrolled
- : Third Reading Passed (46-0)
- : Senate Concurs House Amendments
- : Third Reading Passed (100-35)
- : Second Reading Passed with Amendments
- : Favorable with Amendments {573420/1 Adopted
- : Favorable with Amendments Report by Economic Matters
- : Referred Economic Matters
- : Third Reading Passed (45-0)
Votes
- Third Reading Passed (46-0) (April 13, 2026): 46 yea, 0 nay, passed
- Third Reading Passed (100-35) (April 13, 2026): 100 yea, 35 nay, passed
- Third Reading Passed (45-0) (March 12, 2026): 45 yea, 0 nay, passed
Common questions
- What is SB354?
- SB354 is a bill in the Maryland Legislature (2026 Regular Session): Business Regulation - Charitable Organizations - Audit and Review Thresholds.
- What does SB354 do?
- In its own words: An act concerning Business Regulation - Charitable Organizations - Audit and Review Thresholds FOR the purpose of increasing the minimum gross income amounts from charitable contributions at which a charitable organization must include a certain audit or a certain review with the charitable organization's registration statement; increasing the amount of cash receipts from charitable contributions the Secretary of State may accept an affidavit attesting to under certain circumstances…
- What is the status of SB354?
- Signed into law as of May 12, 2026. Latest action: Approved by the Governor - Chapter 394 (May 12, 2026).
- Who sponsored SB354?
- Cheryl Kagan (D, SD-017), with 1 co-sponsor.
- Where is the official record for SB354?
- On the Maryland Legislature website: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0354?ys=2026RS
Source: official Maryland record. Tracked by Delilah, AI for legislation across all 50 states and Congress.