S429 - Modify Charitable Solicitation Licensing Laws. (SL 2023-119)

Overview: S.L. 2023-119 increases the amount of contributions allowed before a charitable organization must obtain a charitable solicitation license from $25,000 to $50,000 (i.e., organizations can receive up to $50,000 before a license is required) and modifies licensure renewal and filing deadlines for charitable organizations.

Section 1 became effective September 14, 2023, and applies to requests for exemptions filed on or after that date. Section 2 became effective October 1, 2023, and applies to license renewals filed on or after that date. The remainder of the act became effective September 14, 2023.