SB 1048 Summary

• Amends Act 205 (SLH 2024) to clarify and modify regulations for charitable fundraising platforms and platform charities before the law's implementation.

• Creates separate registration, reporting, and fee requirements for platform charities ($250 registration and renewal fees) distinct from other fundraising entities, with annual renewal filings required by July 1.

• Establishes that platform charities meeting certain thresholds (six or fewer recipient charitable organizations per calendar year) may be treated as commercial co-venturers instead of platform charities under specified compliance conditions.

• Requires charitable fundraising platforms to maintain complaint processes, investigate fundraising activity issues, report findings to the Attorney General upon request, and provide full refunds of contributions when appropriate.

• Extends Act 205's effective date from January 1, 2026 to July 1, 2026 to allow additional implementation time, with this amendment effective July 1, 2025.