---
type: "Bill"
title: "Business Regulation - Charitable Organizations - Audit and Review Thresholds"
description: "Business Regulation - Charitable Organizations - Audit and Review Thresholds"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2026"
identifier: "SB 354"
citation: "Maryland SB 354 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kagan", "Waldstreicher"]
version_count: 4
action_count: 15
vote_count: 3
first_action: "2026-01-23"
last_action: "2026-05-12"
source: "openstates"
source_identifier: "ocd-bill/bceae452-163f-477c-98a2-aa698c939aaa"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0354?ys=2026RS"
source_hash: "b8f90e8a403ee74abe4e34742b7e021aa6bbcb337c5ee5a6f2e7525d67adaf43"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 354 (2026) — Business Regulation - Charitable Organizations - Audit and Review Thresholds

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Business Regulation - Charitable Organizations - Audit and Review Thresholds** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_394_sb0354e.pdf)
2. **Enrolled - Business Regulation - Charitable Organizations - Audit and Review Thresholds** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0354e.pdf)
3. **First - Business Regulation - Charitable Organizations - Audit and Review Thresholds** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0354f.pdf)
4. **Third - Business Regulation - Charitable Organizations - Audit and Review Thresholds** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0354t.pdf)

## Votes

- On Third Reading (Amend) — **100–35** (pass) · lower
- Bill is on Third Reading for Final Passage. — **46–0** (pass) · upper
- On Third Reading — **45–0** (pass) · upper

## Sponsors

- Kagan — primary (person)
- Waldstreicher — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2026-01-23** First Reading Judicial Proceedings `referral-committee`
- **2026-01-28** Hearing 2/04 at 11:00 a.m.
- **2026-03-09** Favorable Report by Judicial Proceedings `committee-passage-favorable`
- **2026-03-10** Favorable Adopted `committee-passage-favorable`
- **2026-03-10** Second Reading Passed
- **2026-03-12** Third Reading Passed `passage`
- **2026-03-13** Referred Economic Matters `referral-committee`
- **2026-04-09** Favorable with Amendments Report by Economic Matters `committee-passage-favorable`
- **2026-04-09** Favorable with Amendments { `committee-passage-favorable`
- **2026-04-09** Second Reading Passed with Amendments
- **2026-04-13** Third Reading Passed `passage`
- **2026-04-13** Senate Concurs House Amendments
- **2026-04-13** Third Reading Passed `passage`
- **2026-04-13** Passed Enrolled
- **2026-05-12** Approved by the Governor - Chapter 394 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bceae452-163f-477c-98a2-aa698c939aaa`. Confidence: reported (aggregated from official Maryland legislature records).