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MS HB845
Bill
Status
4/20/2024
Primary Sponsor
Lee Yancey
Click for details
AI Summary
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Amends Section 79-11-507 to clarify that charitable organizations must file IRS forms with the Secretary of State that correspond to the organization's most recent fiscal year end.
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Applies to three categories of registered charitable organizations: those receiving over $750,000 in annual contributions, those receiving $250,000-$750,000, and those receiving under $250,000.
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Requires all IRS forms filed with the Secretary of State to accompany the organization's financial statement, reviewed financial statement, or financial report depending on contribution amount.
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Effective July 1, 2024.
Legislative Description
Charitable organizations; require IRS forms filed annually with Secretary of State to be for the most recent fiscal year end.
Last Action
Approved by Governor
4/20/2024