MD HB129

Nonprofit entities receiving at least 50% of their annual funding from state/county/municipal grants, state capital budget, local impact grants, or charges for publicly-funded projects must report to the Comptroller

Required reports must include the amount of funding received, a description of how funds were used, and any other information the Comptroller requires

Applies to corporations incorporated or qualified to do business in Maryland that have 501(c) tax-exempt status from the IRS

Comptroller must summarize reported information and submit an annual report to the General Assembly by January 31 each year

Effective date: July 1, 2026