Loading chat...

MN SF3304

Bill

Official Source

Status

Introduced

3/29/2016

Primary Sponsor

Sandra Pappas

Click for details

Origin

Senate

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 a nonprofit food shelf organization when calculating the $750,000 total revenue threshold that triggers an audited financial statement requirement.
  • The exemption applies only when food or goods are donated for subsequent distribution at no charge and not for resale.
  • Effective the day following final enactment.

Legislative Description

Nonprofit organizations donated goods certain charitable organization requirements exemption

Last Action

Referred to Judiciary

3/29/2016

Committee Referrals

Judiciary3/29/2016

Full Bill Text

No bill text available