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Reauthorize Habitat For Humanity Tax Check-off

Concerning the reauthorization of the voluntary contribution on state individual income tax returns for the Habitat for Humanity of Colorado fund.
2020 Regular Session
Fiscal Policy & Taxes
Bill Summary

The bill reauthorizes the Habitat for Humanity of Colorado fund (fund) income tax check-off for an additional 5 years . The fund first appeared on the list of voluntary contributions on the Colorado income tax forms for income tax year 2015. Under current law, it will come off of the form following income tax year 2019. The bill reauthorizes the fund to remain on the form for income tax years 2019 through 2024, and extends the repeal of the relevant statutes to January 1, 2026 so long as it meets the existing statutory requirement that a voluntary contribution fund must receive at least $50,000 in contributions each tax year. The part is repealed effective January 1 of the income tax year after the revisor of statutes receives notice that the fund will no longer appear on the form for failure to meet that threshold .

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)




Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details