CO HB1218

Removes the limitation that veterans' organizations registered under section 501(c)(19) of the Internal Revenue Code receive charitable organization tax exemptions only for special events, meetings, or functions that are not part of their regular activities in Colorado.

Veterans' organizations qualifying as charitable organizations under Colorado Revised Statutes 39-26-102(2.5) now receive the same full sales and use tax exemptions as other charitable organizations for their regular charitable functions and activities.

Amends Colorado Revised Statutes sections 39-26-713(2)(d) and 39-26-718(1)(a) to eliminate the special event limitation for veterans' organizations while maintaining existing exemptions for all other charitable organizations.

Effective July 1, 2018, applying to any charitable organization sales and use tax exemptions claimed on or after that date.

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