Bill > SB1067

This bill aims to update regulations concerning charitable solicitations in Hawaii by authorizing the Attorney General to mandate electronic financial reporting from professional solicitors, who are individuals or organizations paid to solicit donations on behalf of charities. It also introduces penalties for late financial reports by these professional solicitors, as well as for commercial co-venturers, which are businesses that partner with charities for promotional purposes, if they violate existing laws. Additionally, the bill clarifies which charitable organizations are exempt from registration requirements, streamlining the process for parent organizations that have received a group exemption from the Internal Revenue Service and refining the criteria for educational institutions seeking exemptions. The bill also adjusts the filing deadlines and requirements for annual reports from charitable organizations, including a shift towards electronic submissions, and modifies the fee structure for these reports, with a new $0 fee for organizations with less than $25,000 in contributions.