HB 12-1236 Summary

• Exempts grant application preparers from "paid solicitor" regulations unless their compensation is based on funds raised as a result of the grant application.

• Exempts persons providing only merchant account services for processing credit card payments via internet from paid solicitor requirements.

• Changes charitable organization financial reporting deadlines from the fifteenth day of the fifth month to the eighth month after fiscal year end, or the IRS Form 990 filing date, whichever is earlier.

• Allows Secretary of State to grant three-month extensions for financial report filings upon receipt of a detailed application if the organization has also filed for an IRS extension.

• Requires paid solicitors making telephone solicitations to disclose their first and last name in the opening greeting and make tax deductibility statements prior to a person's agreement to contribute.