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MN HF3642

Bill

Official Source

Status

Introduced

3/29/2016

Primary Sponsor

Carlos Mariani

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Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • Amends Minnesota Statutes section 309.53, subdivision 3 regarding financial statement requirements for charitable organizations
  • Excludes the value of donated food or goods from the $750,000 total revenue threshold that triggers audit requirements for nonprofit food shelf organizations
  • Applies exemption only when donated food or goods are for subsequent distribution at no charge and not for resale
  • Effective the day following final enactment
  • Does not change other financial statement requirements such as balance sheets, income/expense statements, or compensation disclosures

Legislative Description

Donated goods exempted from charitable organization requirements.

Last Action

Introduction and first reading, referred to Government Operations and Elections Policy

3/29/2016

Committee Referrals

Government Operations and Elections Policy3/29/2016

Full Bill Text

No bill text available