SB1599 allows Illinois charities and trustees to file annual reports electronically.
SB1599 amends the Solicitation of Charity Act and the Charitable Trust Act to allow the Attorney General to accept electronic filings of annual reports from charities and trustees. The bill requires charities receiving over $500,000 in contributions annually to file a report within one year of the end of their fiscal year. Trustees holding over $25,000 in assets must file an annual financial report by June 30. The Attorney General can extend the filing deadline by up to 60 days.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.