CHAPTER 50

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TAXATION

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SENATE BILL 06-012 [Digest]

BY SENATOR(S) Isgar, Kester, Bacon, Entz, Fitz-Gerald, Keller, Williams, Windels, Groff, Hanna, Sandoval, Shaffer, Tapia, Taylor, Tochtrop, Tupa, and Veiga;

also REPRESENTATIVE(S) Curry, Vigil, Witwer, Gallegos, Berens, Decker, Frangas, Jahn, McCluskey, Paccione, Solano, Soper, and Stafford.

AN ACT

Concerning the voluntary contribution designation benefiting the family resource centers fund that appears on the state individual income tax return forms, and, in connection therewith, extending the period for the contribution designation.

Be it enacted by the General Assembly of the State of Colorado:

  SECTION 1.  39-22-2502, Colorado Revised Statutes, is amended to read:

  39-22-2502.  Voluntary contribution designation - procedure. For income tax years commencing on or after January 1, 2003 January 1, 2006, but prior to January 1, 2006 January 1, 2009, the Colorado state individual income tax return form shall contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes to make to the family resource centers fund created in section 39-22-2503.

  SECTION 2.  39-22-2503 (2), Colorado Revised Statutes, is amended to read:

  39-22-2503.  Contributions credited to the family resource centers fund - appropriation. (2)  The general assembly shall appropriate annually from the family resource centers fund to the department of revenue its costs of administering moneys designated as contributions to the fund. All moneys remaining in the fund at the end of a fiscal year, after subtracting the appropriation to the department of revenue, shall be transferred to the department of public health and environment family resource centers association, a Colorado nonprofit organization. The department of public health and environment family resource centers association shall distribute the moneys to family resource centers statewide that operate in accordance with the provisions of section 26-18-104 (2), C.R.S., and such moneys shall be used in furtherance of the work of the family resource centers.

  SECTION 3.  39-22-2504, Colorado Revised Statutes, is amended to read:

  39-22-2504.  Repeal of part. This part 25 is repealed, effective January 1, 2007 January 1, 2010, unless the voluntary contribution to the family resource centers fund established by section 39-22-2503 is continued or reestablished by the general assembly acting by bill prior to said date.

  SECTION 4.  Effective date. This act shall take effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly that is allowed for submitting a referendum petition pursuant to article V, section 1 (3) of the state constitution (August 9, 2006, if adjournment sine die is on May 10, 2006); except that, if a referendum petition is filed against this act or an item, section, or part of this act within such period, then the act, item, section, or part, if approved by the people, shall take effect on the date of the official declaration of the vote thereon by proclamation of the governor.

Approved: March 31, 2006

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Capital letters indicate new material added to existing statutes; dashes through words indicate deletions from existing statutes and such material not part of act.

The information on this page is presented as an informational service only and should not be relied upon as an official record of action or legal position of the State of Colorado, the Colorado General Assembly, or the Office of Legislative Legal Services.