HI SB2748

Replace "gross revenue" and "gross receipts" with "total revenue" and "total receipts" throughout charitable solicitations law to align with IRS Form 990 terminology.

Require professional solicitors to file financial reports within 90 days after solicitation completion and, for campaigns lasting over one year, within 90 days after each anniversary date of commencement.

Clarify that commercial co-venturers must provide per-unit accountings and confer benefits within 90 days of promotion end and, for promotions lasting over one year, within 90 days of each anniversary and within 90 days of final completion.

Eliminate the $500,000 revenue threshold for charitable organizations required to submit audit reports; require audits only if an organization is mandated by governmental authority or third party to obtain one.

Add Hawaii Council of Private Schools to the list of accrediting organizations whose licensed educational institutions are exempt from charitable registration and financial disclosure requirements.