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MarylandHB 04832026 Regular SessionHouse

Business Regulation - Charitable Organizations - Audit and Review Thresholds

Sponsored By: Sarah Wolek (Democratic)

Signed by Governor

Business RegulationAuditors and AuditsCommerce and Business -see also- ElectrComm; ForeignTr; etc.Evaluations and ReviewsGiftsNonprofit OrganizationsRules and RegulationsSecretary of State

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Fewer CPA audits for Maryland charities

Beginning July 1, 2026, Maryland raises the audit and review triggers for registered charities. An independent CPA audit is required only if charitable contribution income in the last fiscal year is $1,000,000 or more. A CPA review is required only if that income is at least $400,000 but under $1,000,000. This replaces the old $750,000 audit and $300,000–$750,000 review thresholds. The Secretary of State may accept an affidavit with documents instead of an audit or review if cash receipts from contributions were $400,000 or less, those receipts were 20% or less of the charity’s gross income, and they were used for program services or for management and general expenses.

Secretary can require audits under $1,000,000

Beginning July 1, 2026, the Maryland Secretary of State may require an audit or review even when a charity’s gross income is under $1,000,000. Before, this discretionary power applied under $750,000. This is not an automatic trigger; it is case by case.

Sponsors & Cosponsors

Sponsor

  • Sarah Wolek

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 140 • No: 36

Senate vote • 4/8/2026

Third Reading Passed

Yes: 44 • No: 0 • Other: 1

House vote • 3/12/2026

Third Reading Passed

Yes: 96 • No: 36 • Other: 4

Actions Timeline

  1. Approved by the Governor - Chapter 393

    5/12/2026

  2. Returned Passed

    4/9/2026House

  3. Third Reading Passed (44-0)

    4/8/2026Senate

  4. Second Reading Passed

    4/7/2026Senate

  5. Favorable Adopted

    4/7/2026Senate

  6. Favorable Report by Judicial Proceedings

    4/6/2026Senate

  7. Referred Judicial Proceedings

    3/13/2026Senate

  8. Third Reading Passed (96-36)

    3/12/2026House

  9. Second Reading Passed with Amendments

    3/11/2026House

  10. Favorable with Amendments {833920/1 Adopted

    3/11/2026House

  11. Favorable with Amendments Report by Economic Matters

    3/10/2026House

  12. Hearing 2/11 at 2:30 p.m.

    2/6/2026House

  13. Hearing canceled

    2/6/2026House

  14. Hearing 2/11 at 1:00 p.m.

    1/28/2026House

  15. First Reading Economic Matters

    1/23/2026House

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Third Reading

    3/11/2026

    PDF

  • First Reading

    1/23/2026

    PDF

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