PRIA Logo™
MarylandSB 03542026 Regular SessionSenate

Business Regulation - Charitable Organizations - Audit and Review Thresholds

Sponsored By: Cheryl C. Kagan (Democratic)

Signed by Governor

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

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

New audit rules for Maryland charities

Beginning July 1, 2026, a registered charity needs an independent CPA audit only if last year’s charitable contributions were at least $1,000,000. A CPA review is required if contributions were at least $400,000 but under $1,000,000. The Secretary of State may accept other documents, including an affidavit, instead of an audit or review. This applies when cash charitable receipts were $400,000 or less, were 20% or less of gross income, and were used for program services or management and general, as defined in state rules (COMAR 01.02.04.04.A and C). The Secretary can still require an audit or review for charities with gross income under $1,000,000.

Sponsors & Cosponsors

Sponsor

  • Cheryl C. Kagan

    Democratic • Senate

Cosponsors

  • Jeff Waldstreicher

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 191 • No: 35

House vote • 4/13/2026

Third Reading Passed

Yes: 100 • No: 35 • Other: 4

Senate vote • 4/13/2026

Third Reading Passed

Yes: 46 • No: 0 • Other: 1

Senate vote • 3/12/2026

Third Reading Passed

Yes: 45 • No: 0

Actions Timeline

  1. Approved by the Governor - Chapter 394

    5/12/2026

  2. Passed Enrolled

    4/13/2026Senate

  3. Third Reading Passed (46-0)

    4/13/2026Senate

  4. Senate Concurs House Amendments

    4/13/2026Senate

  5. Third Reading Passed (100-35)

    4/13/2026House

  6. Second Reading Passed with Amendments

    4/9/2026House

  7. Favorable with Amendments {573420/1 Adopted

    4/9/2026House

  8. Favorable with Amendments Report by Economic Matters

    4/9/2026House

  9. Referred Economic Matters

    3/13/2026House

  10. Third Reading Passed (45-0)

    3/12/2026Senate

  11. Second Reading Passed

    3/10/2026Senate

  12. Favorable Adopted

    3/10/2026Senate

  13. Favorable Report by Judicial Proceedings

    3/9/2026Senate

  14. Hearing 2/04 at 11:00 a.m.

    1/28/2026Senate

  15. First Reading Judicial Proceedings

    1/23/2026Senate

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Enrolled

    4/13/2026

    PDF

  • Third Reading

    3/10/2026

    PDF

  • First Reading

    1/23/2026

    PDF

Related Bills

Back to State Legislation