Bill > SB1599

This bill amends the Solicitation of Charity Act and the Charitable Trust Act to require the Attorney General to provide electronic filing options for charitable organizations and trustees by January 1, 2026. Specifically, the bill mandates that charitable organizations currently required to submit annual financial reports and trustees required to file periodic reports will have the option to submit these documents electronically. The electronic filing requirement applies to various types of financial reports, including detailed financial statements for organizations receiving over $500,000 in annual contributions, simplified financial statements for smaller organizations, and annual reports from trustees. This change aims to modernize the reporting process, potentially making it more convenient and efficient for charitable organizations to comply with state reporting requirements. The bill takes effect immediately upon becoming law and includes provisions that these electronic filing options will be inoperative after January 1, 2029, which suggests it may be a temporary pilot program or subject to future legislative review.

Government Affairs, Justice

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1599&GAID=18&DocTypeID=SB&SessionID=114&GA=104