The proposed bill introduces the Truth in Giving Act, which aims to enhance transparency for individuals donating consumer goods to thrift operators or purchasing such goods. It establishes a new article in the Code of West Virginia that defines key terms, including "charitable organization," "thrift operator," and "drop box." The bill mandates thrift operators to disclose specific information to donors and customers, including the identity of the organization benefiting from the donations. For thrift operators that are not charitable organizations, they must clearly state that donations support a for-profit business. The required disclosures must be prominently displayed at donation sites and during sales.

Additionally, the bill empowers the Secretary of State to investigate violations of these disclosure requirements and establishes both criminal and civil penalties for non-compliance. Offenders may face fines and potential jail time, with increased penalties for repeat offenses. The bill also stipulates that any recovered funds from penalties will be split between the state General Revenue Fund and the Secretary of State's operational account. Lastly, it allows the Secretary of State to propose rules to implement the provisions of the Truth in Giving Act effectively.

Statutes affected:
Introduced Version: 29-19A-1, 29-19A-2, 29-19A-3, 29-19A-4, 29-19A-5