SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2012 SESSION

  • | print version

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

HISTORY