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2012 SESSION
SB 86 Solicitation of contributions; registration of charitable organizations.
Introduced by: Richard L. Saslaw | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Solicitation of contributions; registration of charitable organizations. Provides that any charitable organization whose annual gross revenue would qualify it to file Form 990-N with the Internal Revenue Service (IRS) may submit a balance sheet and income and expense statement verified under oath or affirmation by the treasurer of the organization. The IRS recently raised the threshold for organizations allowed to file Form 990-N from $25,000 to $50,000. Currently, Virginia law sets the annual gross revenue threshold at $25,000. The bill will allow the state threshold for filing the form to track the threshold set by the IRS.
FULL TEXT
- 01/09/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101639D pdf | impact statement
- 03/06/12 Senate: Bill text as passed Senate and House (SB86ER) pdf | impact statement
- 03/21/12 Governor: Acts of Assembly Chapter text (CHAP0313) pdf
HISTORY
- 01/09/12 Senate: Prefiled and ordered printed; offered 01/11/12 12101639D
- 01/09/12 Senate: Referred to Committee on General Laws and Technology
- 01/16/12 Senate: Reported from General Laws and Technology (15-Y 0-N)
- 01/18/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/19/12 Senate: Read second time and engrossed
- 01/20/12 Senate: Bills placed in block (39-Y 0-N)
- 01/20/12 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/20/12 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 01/20/12 Senate: Passed Senate (39-Y 0-N)
- 02/13/12 House: Placed on Calendar
- 02/13/12 House: Read first time
- 02/13/12 House: Referred to Committee on General Laws
- 02/14/12 House: Assigned GL sub: #3 ABC/Gaming
- 02/28/12 House: Subcommittee recommends reporting (7-Y 0-N)
- 02/28/12 House: Reported from General Laws (22-Y 0-N)
- 02/29/12 House: Read second time
- 03/01/12 House: Read third time
- 03/01/12 House: Passed House BLOCK VOTE (99-Y 0-N)
- 03/01/12 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/06/12 Senate: Enrolled
- 03/06/12 Senate: Bill text as passed Senate and House (SB86ER)
- 03/06/12 House: Signed by Speaker
- 03/08/12 Senate: Signed by President
- 03/21/12 Governor: Approved by Governor-Chapter 313 (effective 7/1/12)
- 03/21/12 Governor: Acts of Assembly Chapter text (CHAP0313)