HB 13-1237 Summary

• Establishes a voluntary contribution line on Colorado state individual income tax return forms allowing taxpayers to designate contributions to Special Olympics Colorado.

• Creates the Special Olympics Colorado Fund in the state treasury to receive annual designations, with the state treasurer transferring all collected funds and interest to Special Olympics Colorado at the end of each fiscal year.

• Requires Special Olympics Colorado to use received funds exclusively for equipment, training, competitions, and awards for program participants.

• Limits the voluntary contribution program to five consecutive income tax years following executive director certification that a tax return line became available, with automatic repeal on January 1 of the sixth year unless the General Assembly reauthorizes it by bill.

• Requires the Department of Revenue to electronically notify Special Olympics Colorado one year before the program's sunset date.