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Read. Follow. Verify.Maryland raises charity financial reporting thresholds for independent audits and reviews
Last action · May 12, 2026: Approved by the Governor - Chapter 394Sponsors: Cheryl Kagan and 1 other
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What This Bill Does
Maryland Senate Bill 354 raises the minimum gross income thresholds from charitable contributions required for nonprofit organizations to submit independent financial s or s with their registration statements, taking effect July 1, 2026.
Charitable organizations face adjusted financial reporting requirements, raising the threshold to $1,000,000 and the threshold range to between $400,000 and $1,000,000, which alters administrative compliance costs for mid-sized and large nonprofits operating in Maryland.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
charitable organizations
Charitable organizations face modified gross income thresholds that dictate whether they must submit independent audits or reviews with their registration statements.
Secretary of State
The Secretary of State administers registration statements, reviews affidavits based on updated cash receipts thresholds, and exercises discretion over ordering audits or reviews up to $1,000,000.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the new income threshold for a charitable organization to submit an independent audit?
What are the new income limits for requiring a financial review instead of an audit?
When does this law go into effect?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
15 actions- May 12, 2026Governor of MarylandEnrolledApproved by the Governor - Chapter 394
- Apr 13, 2026SenateFloorPassed Enrolled
- Apr 13, 2026SenateFloorThird Reading Passed (46-0)
- Apr 13, 2026SenateFloorSenate Concurs House Amendments
- Apr 13, 2026HouseFloorThird Reading Passed (100-35)
- Apr 9, 2026HouseFloorSecond Reading Passed with Amendments
Show 9 earlier actions
- Apr 9, 2026HouseFavorable with Amendments { 573420/1 Adopted
- Apr 9, 2026HouseCommitteeFavorable with Amendments Report by Economic Matters
- Mar 13, 2026HouseCommitteeReferred Economic Matters
- Mar 12, 2026SenateFloorThird Reading Passed (45-0)
- Mar 10, 2026SenateFloorSecond Reading Passed
- Mar 10, 2026SenateFloorFavorable Adopted
- Mar 9, 2026SenateCommitteeFavorable Report by Judicial Proceedings
- Jan 28, 2026SenateHearing 2/04 at 11:00 a.m.
- Jan 23, 2026SenateIntroducedFirst Reading Judicial Proceedings
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
mgaleg.maryland.gov
Analysis Score
0–100- Significance45How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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