Audit threshold changes proposed for West Virginia nonprofits
Bills are active in both the West Virginia House of Delegates and the West Virginia Senate focused on increasing the audit threshold for nonprofit organizations from $200,000 to $500,000 (separate from government and private foundation grants) in income. The language of the House of Delegates bill is more complete.
The bills are currently in waiting, and WVNPA and Philanthropy WV have been in conversation with Committee leadership and will be following up on Friday and Monday to ensure these bills go up for debate and get underway.
- The House Bill #2716 is available here: http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb2716%20intr.htm&yr=2015&sesstype=RS&i=2716
- The Senate Bill #351 is available here: http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=sb351%20intr.htm&yr=2015&sesstype=RS&i=351
If you have relationships in the WV House’s Finance Committee (check out the membership here: http://www.legis.state.wv.us/committees/house/HouseCommittee.cfm?Chart=fin) and/or the WV Senate’s Judiciary Committee (check out the membership here: http://www.legis.state.wv.us/committees/senate/SenateCommittee.cfm?Chart=jud), WVNPA and Philanthropy WV encourage you to call to request that they advance these bills to the full Senate or House for passage to the other legislative body.
Please note that Phone Calls, Personal Visits, and Text Messages are most effective as most legislators receive more than 200 emails a day.
