CO HB1190

Allows taxpayers to make enterprise zone contribution tax credit donations through an intermediary nonprofit organization with 501(c)(3) tax-exempt status, effective for income tax years beginning January 1, 2013.

Requires the intermediary nonprofit organization to disburse contributions as directed by the taxpayer to a recipient organization or program/project certified by the enterprise zone administrator.

The recipient organization, program, or project must be certified by the enterprise zone administrator and meet the criteria for receiving direct contributions.

Maintains existing reporting requirements for certified programs, projects, and organizations to submit annual reports indicating total value of contributions received and their sources.

Declared necessary for immediate preservation of public peace, health, and safety under the safety clause provision.