# Maryland SB 0354: Business Regulation - Charitable Organizations - Audit and Review Thresholds

Maryland SB 0354, Business Regulation - Charitable Organizations - Audit and Review Thresholds, is a 2026 Regular Session Senate bill sponsored by Cheryl C. Kagan (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 394) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0354-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0354
- State: Maryland
- Session: 2026 Regular Session
- Title: Business Regulation - Charitable Organizations - Audit and Review Thresholds
- Status: signed
- Chamber: Senate
- Introduced: 2026-01-23
- Last action: 2026-05-12, Approved by the Governor - Chapter 394
- Sponsor: Cheryl C. Kagan (Democratic)
- Cosponsors: 1
- Subjects: Business Regulation, Auditors and Audits, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Evaluations and Reviews, Gifts, Nonprofit Organizations, Rules and Regulations, Secretary of State
- Touches household money: no
- Roll calls: 3 (191 yes, 35 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New audit rules for Maryland charities: mixed, medium. 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 a…

## Sponsors and cosponsors

- Sponsor: Cheryl C. Kagan (Democratic), Senate
- Cosponsor: Jeff Waldstreicher (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-13 | House | Third Reading Passed | pass | 100 | 35 | 4 |
| 2026-04-13 | Senate | Third Reading Passed | pass | 46 | 0 | 1 |
| 2026-03-12 | Senate | Third Reading Passed | pass | 45 | 0 |   |

## Actions (15)

- 2026-05-12: Approved by the Governor - Chapter 394
- 2026-04-13: Passed Enrolled (Senate)
- 2026-04-13: Third Reading Passed (46-0) (Senate)
- 2026-04-13: Senate Concurs House Amendments (Senate)
- 2026-04-13: Third Reading Passed (100-35) (House)
- 2026-04-09: Second Reading Passed with Amendments (House)
- 2026-04-09: Favorable with Amendments {573420/1 Adopted (House)
- 2026-04-09: Favorable with Amendments Report by Economic Matters (House)
- 2026-03-13: Referred Economic Matters (House)
- 2026-03-12: Third Reading Passed (45-0) (Senate)
- 2026-03-10: Second Reading Passed (Senate)
- 2026-03-10: Favorable Adopted (Senate)
- 2026-03-09: Favorable Report by Judicial Proceedings (Senate)
- 2026-01-28: Hearing 2/04 at 11:00 a.m. (Senate)
- 2026-01-23: First Reading Judicial Proceedings (Senate)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_394_sb0354e.pdf)
- Enrolled, 2026-04-13: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354e.pdf)
- Third Reading, 2026-03-10: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354t.pdf)
- First Reading, 2026-01-23: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_394_sb0354e.pdf)
- [Enrolled (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354e.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0354f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MD-SB0354-2026RS (as of 2026-10-19).