SB 547
Creating Truth in Giving Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
The Creating Truth in Giving Act requires thrift operators in West Virginia to clearly disclose information to donors and customers about where their donations are going. Specifically, it mandates that thrift operators selling donated goods must identify the charitable organization or for-profit business receiving the donations. The bill also establishes penalties for non-compliance, including fines and potential jail time, and directs the Secretary of State to investigate violations and create rules to enforce the law. This aims to increase transparency in charitable giving.
Key provisions
- Thrift operators must disclose the name, address, and phone number of the recipient organization (charitable or for-profit) to donors and customers.
- For-profit thrift operators must clearly state that donations support a for-profit business.
- Disclosure requirements apply to donations received via drop boxes, on-site donations, mobile pickup units, and at-home pickup.
- The Secretary of State has the authority to investigate violations of disclosure requirements.
- Criminal penalties include fines and jail time for willful violations.
- Civil penalties include fines for deceptive practices.
- Recovered funds and settlements related to the act will be split between the General Revenue Fund and the Secretary of State’s operations account.
- The Secretary of State can create rules to implement and enforce the act.
Who is affected
- Thrift operators
- Donors of consumer goods
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