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CO SB055

Bill

Status

Passed

4/16/2012

Primary Sponsor

Elizabeth McCann

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Origin

Senate

2012 Regular Session

AI Summary

  • Allows Colorado taxpayers to designate voluntary contributions to the 9Health Fair fund on their state individual income tax return forms.

  • Requires voluntary contributions to collect at least $75,000 during the January 1 through September 30 period of the third income tax year they appear on returns, with no minimum required in years one or two.

  • Permits a previously removed voluntary contribution to be considered "appearing for the first time" if three or more income tax years elapse between removal and reinstatement on the form.

  • Limits the 9Health Fair contribution line to appear on tax returns for five consecutive income tax years beginning immediately after the executive director certifies a line has become available and the contribution is next in the queue.

  • Repeals the 9Health Fair voluntary contribution program effective January 1 of the sixth income tax year following certification, unless the general assembly continues or reestablishes the program by bill prior to that date.

Legislative Description

9Health Fair Tax Checkoff

Last Action

Governor Action - Signed

4/16/2012

Committee Referrals

Finance1/13/2012

Full Bill Text

No bill text available