MI SB0808

Increases contribution thresholds requiring audited financial statements from $500,000 to $1,000,000 and reviewed financial statements from $250,000 to $275,000 for charitable organization registration.

Replaces fixed 5-year increment increases with automatic annual adjustments to contribution thresholds based on the Consumer Price Index, effective each December 31.

Defines "Consumer Price Index" as the most comprehensive index available for Michigan from the Bureau of Labor Statistics of the U.S. Department of Labor.

Changes filing deadline language for professional fundraiser contracts from "within" to "not later than" 10 days after execution.

Allows the attorney general to suspend a charitable organization's obligation to provide financial statements, tax returns, or other required information for a reasonable, designated time period if public interest is not prejudiced.