Bill > HB5

This bill modifies Mississippi's laws regarding registration and reporting requirements for charitable organizations, professional fund-raisers, and professional solicitors by changing the registration renewal period from annually to every three to five years, as determined by the Secretary of State. Specifically, the bill amends multiple sections of the Mississippi Code to extend registration periods for professional fund-raisers, fund-raising counsels, professional solicitors, and charitable organizations, allowing them to renew their registrations less frequently. The changes apply to financial reporting requirements as well, with organizations now required to submit financial statements every three to five years instead of annually. The bill aims to reduce administrative burdens on charitable organizations by decreasing the frequency of required registrations and reports while maintaining oversight through the Secretary of State. Organizations will still need to provide comprehensive information about their operations, financial status, and any changes in their organizational structure, but will do so on a less frequent basis. The new registration and reporting framework will take effect on July 1, 2025, giving charitable organizations and related entities time to prepare for the updated requirements.

Government Affairs

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0005.xml