S.B. 2250 Summary

• Requires collection boxes owned by charitable organizations exempt from income tax under Section 501(c)(3) to display the organization's name, address, phone number, and a statement that the box is owned by a tax-exempt charity.

• Requires collection boxes owned by professional solicitors to display similar contact information plus a statement that donations support a for-profit organization and the name of the charitable beneficiary.

• Requires collection boxes owned by for-profit organizations to display owner contact information and a statement that the box is owned by a for-profit organization and donations are not tax-deductible.

• Amends registration and financial reporting requirements for charitable organizations, including clarifying that parent organizations with IRS group exemption letters may file consolidated registration applications for subordinate organizations.

• Authorizes the Attorney General to require electronic submission of financial reports from professional solicitors and imposes fines up to $1,000 for late-filed reports; amends commercial co-venturer final accounting deadline to 90 days after promotion ends.