Bill > S1375

This bill proposes that the Attorney General's office create new regulations to match Massachusetts' requirements for charities filing annual reports with the state to the federal rules set by the Internal Revenue Service (IRS) for small tax-exempt organizations. Specifically, it aims to exempt charitable organizations that typically receive $50,000 or less in gross receipts from needing to file the federal Form 990-EZ, which is a simplified annual information return for smaller tax-exempt organizations, when they submit their annual report to the Attorney General. This change is intended to reduce the reporting burden for these smaller charities.