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1 Reports by Trustees of Charitable Trusts; Threshold for Submitting Audited Financial Statements. Amend RSA 7:28, III-b to read as follows:
III-b. Any charitable organization with revenue, gains, and other support of $1,000,000 or more that is required to file an Internal Revenue Service Form 990 with the attorney general shall also submit the organization's latest audited financial statement prepared in accordance with generally accepted accounting principles.
2 Effective Date. This act shall take effect 60 days after its passage.
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1 Reports by Trustees of Charitable Trusts; Threshold for Submitting Audited Financial Statements. Amend RSA 7:28, III-b to read as follows:
III-b. Any charitable organization with revenue, gains, and other support of $3,000,000 or more that is required to file an Internal Revenue Service Form 990 with the attorney general shall also submit the organization's latest audited financial statement prepared in accordance with generally accepted accounting principles.
2 Effective Date. This act shall take effect 60 days after its passage.