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HB17-1222

Create Family Caregiver Support Fund Tax Check-off

Concerning a voluntary contribution designation benefiting the family caregiver support fund that appears on the state individual tax return forms.
Session:
2017 Regular Session
Subject:
Fiscal Policy & Taxes

The bill creates the family caregiver support fund (fund) in the state treasury. A voluntary contribution designation line for the fund will appear on the state individual income tax return form (form) for the 5 income tax years following the year that the executive director of the department of revenue (department) certifies to the revisor of statutes that:

  • There is a space available on the form; and
  • The fund is next in the queue.

Once the fund is placed on the form, the department is directed to determine annually the total amount contributed to the fund and report that amount to the state treasurer and the general assembly. The state treasurer is required to credit that amount to the fund, and the general assembly appropriates from the fund to the department the costs of administering moneys designated for the fund. After that amount is deducted, the moneys remaining in the fund at the end of a fiscal year are transferred to Easter Seals Colorado, a nonprofit organization.

Following the statutory 2-year grace period for new tax check-offs, the fund is required to achieve the minimum contribution amount of $50,000 per year to remain on the form.


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

Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/05/2017 Signed Act PDF
    05/01/2017 Final Act PDF
    04/18/2017 Rerevised PDF
    04/17/2017 Revised PDF
    04/04/2017 Reengrossed PDF
    04/03/2017 Engrossed PDF
    03/03/2017 Introduced PDF