Maryland HB483 adjusts audit and review thresholds for charitable organizations based on gross income from charitable contributions.
Maryland HB483 modifies the audit and review requirements for charitable organizations. It increases the gross income threshold for requiring an audit from $750,000 to $1,000,000 and for a review from $300,000 to $500,000. The Secretary of State may accept alternative documentation under certain conditions. This Act takes effect July 1, 2026.
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