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CO SB145

Bill

Status

Passed

4/22/2021

Primary Sponsor

Cleave Simpson

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Extends the sunset date for seven voluntary tax contribution programs originally set to expire in 2021 by removing the requirement for legislative reestablishment and instead allowing contributions to remain on Colorado income tax returns indefinitely.

  • The seven programs exempted from sunset requirements are: Colorado Healthy Rivers Fund, Alzheimer's Association Fund, Military Family Relief Fund, Colorado Cancer Fund, Make-A-Wish Foundation of Colorado, Unwanted Horse Fund, and Habitat for Humanity of Colorado Fund.

  • Modifies repeal provisions to allow these programs to continue on tax forms until the executive director files written certification that the fund no longer meets minimum contribution requirements, at which point repeal occurs the following tax year.

  • Changes the tax form designation period from ending January 1, 2021 to having no specified end date for the affected voluntary contribution programs.

  • Takes effect 90 days after the legislative session ends, subject to referendum petition requirements.

Legislative Description

Extending Expiring Tax Check-offs

Last Action

Governor Signed

4/22/2021

Committee Referrals

Finance3/17/2021
Finance3/1/2021

Full Bill Text

No bill text available