reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 43 - AMERICAN RED CROSS COLORADO DISASTERRESPONSE, READINESS, AND PREPAREDNESS FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4301 — 39-22-4304) › Section 39-22-4301 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that:
(a)
The American Red Cross is a humanitarian organization that brings together well-trained and dedicated volunteers and paid staff to help prevent, prepare for, and respond to emergencies;
(b)
The American Red Cross:
(I)
Helps military families deliver messages to their loved ones serving our nation in foreign countries; and
(II)
Has been instrumental in assisting victims of disasters around the world, including fires, floods, earthquakes, wars, and hurricanes;
(c)
Under the leadership of the American Red Cross, thousands of volunteers stand ready to assist those displaced by disaster, wherever and whenever it may strike;
(d)
In Colorado, the American Red Cross has trained tens of thousands of citizens in first aid, cardiopulmonary resuscitation, water safety, and other life-saving techniques; and
(e)
In the 2011 fiscal year alone, the American Red Cross Colorado Chapters:
(I)
Responded to more than four hundred disasters;
(II)
Assisted nearly eight hundred families affected by disaster;
(III)
Assisted more than five thousand members of the United States armed forces via emergency communications and other services;
(IV)
Trained more than ninety-eight thousand individuals in cardiopulmonary resuscitation, first aid, and other health and safety techniques;
(V)
Gave preparedness presentations at events attended by more than thirty thousand individuals; and
(VI)
Relied on more than three thousand volunteers to fulfill the American Red Cross mission.
(2)
In order to assist the American Red Cross Colorado Chapters in fulfilling the mission of the American Red Cross, the general assembly recognizes that many citizens of Colorado may be willing to provide moneys to assist in its efforts. It is therefore the intent of the general assembly to provide Coloradans the opportunity to support the efforts of the American Red Cross Colorado Chapters by allowing citizens to make a voluntary contribution on their state income tax return form to the American Red Cross Colorado disaster response, readiness, and preparedness fund for such a purpose.
L. 2012: Entire part added, (HB 12-1006), ch. 142, p. 513, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 43 - AMERICAN RED CROSS COLORADO DISASTERRESPONSE, READINESS, AND PREPAREDNESS FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4301 — 39-22-4304) › Section 39-22-4302 - Voluntary contribution designation - procedure - effective date

For income tax years commencing on or after January 1, 2019, the Colorado state individual income tax return form must contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the taxpayer wishes to make to the American Red Cross Colorado disaster response, readiness, and preparedness fund created in section
39-22-4303(1)
.
Amended by 2020 Ch. 243,§ 8, eff. 9/14/2020.
L. 2012: Entire part added, (HB 12-1006), ch. 142, p. 514, § 1, effective August 8.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2015, that the voluntary contribution for the American Red Cross Colorado disaster response, readiness, and preparedness fund was added to the state income tax return form beginning January 1, 2016.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 43 - AMERICAN RED CROSS COLORADO DISASTERRESPONSE, READINESS, AND PREPAREDNESS FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4301 — 39-22-4304) › Section 39-22-4303 - Contributions credited to the American Red Cross Colorado disaster response, readiness, and preparedness fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4302
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the American Red Cross Colorado disaster response, readiness, and preparedness fund, which fund is hereby created in the state treasury. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
The general assembly shall appropriate annually from the American Red Cross Colorado disaster response, readiness, and preparedness 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 the fiscal year, after subtracting the appropriation to the department, shall be transferred to the American Red Cross Colorado Chapters.
L. 2012: Entire part added, (HB 12-1006), ch. 142, p. 515, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 43 - AMERICAN RED CROSS COLORADO DISASTERRESPONSE, READINESS, AND PREPAREDNESS FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4301 — 39-22-4304) › Section 39-22-4304 - Repeal of part

This part 43 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statutes that the American Red Cross Colorado disaster response, readiness, and preparedness fund voluntary contribution will no longer appear on the individual income tax return form due to a failure to meet the requirements of section
39-22-1001(5)(a)
.
Amended by 2020 Ch. 243,§ 9, eff. 9/14/2020.
L. 2012: Entire part added, (HB 12-1006), ch. 142, p. 515, § 1, effective August 8.
The revisor of statutes received the written certification referred to in this section on November 1, 2020.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 44 - COLORADO FOR HEALTHY LANDSCAPES FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4401 — 39-22-4404) › Section 39-22-4402 - Voluntary contribution designation - procedure - effective date

For the five consecutive income tax years immediately following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line on the income tax return form has become available and the Colorado for Healthy Landscapes fund voluntary contribution is next in the queue established pursuant to said section
39-22-1001(8)
, 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 Colorado for Healthy Landscapes fund created in section
39-22-4403(1)
.
L. 2012: Entire part added, (HB 12-1290), ch. 140, p. 509, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 44 - COLORADO FOR HEALTHY LANDSCAPES FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4401 — 39-22-4404) › Section 39-22-4403 - Contributions credited to the Colorado for Healthy Landscapes fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4402
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the Colorado for Healthy Landscapes fund, which fund is hereby created in the state treasury. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
The general assembly shall appropriate annually from the Colorado for Healthy Landscapes 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 the fiscal year, after subtracting the appropriation to the department, shall be transferred to the Colorado Weed Management Association, a Colorado nonprofit organization that acts as fiscal manager for Colorado for Healthy Landscapes.
L. 2012: Entire part added, (HB 12-1290), ch. 140, p. 509, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 44 - COLORADO FOR HEALTHY LANDSCAPES FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4401 — 39-22-4404) › Section 39-22-4404 - Repeal of part

This part 44 is repealed, effective January 1 of the sixth income tax year following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line has become available and the Colorado for Healthy Landscapes fund voluntary contribution is next in the queue, unless the voluntary contribution to the Colorado for Healthy Landscapes fund established by this part 44 is continued or reestablished by the general assembly acting by bill prior to said date.
L. 2012: Entire part added, (HB 12-1290), ch. 140, p. 509, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 45 - HABITAT FOR HUMANITY OF COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-4501 — 39-22-4504) › Section 39-22-4501 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that:
(a)
Habitat for Humanity is an organization that welcomes all people, regardless of race, religion, ethnicity, or any other difference, to build and repair simple, decent, affordable houses for those who lack adequate shelter; and
(b)
Habitat for Humanity of Colorado supports organization affiliates across the state that provide home ownership to low-income families that commit to a partnership that includes sweat equity, financial training, and a no-interest mortgage.
(2)
In order to assist Habitat for Humanity of Colorado in fulfilling the mission of Habitat for Humanity, the general assembly recognizes that many citizens of Colorado may be willing to provide moneys to assist in its efforts. It is therefore the intent of the general assembly to provide Coloradans the opportunity to support the efforts of Habitat for Humanity of Colorado by allowing citizens to make a voluntary contribution on their state income tax return form to the Habitat for Humanity of Colorado fund for that purpose.
L. 2013: Entire part added, (SB 13-029), ch. 45, p. 122, § 1, effective August 7.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 45 - HABITAT FOR HUMANITY OF COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-4501 — 39-22-4504) › Section 39-22-4502 - Voluntary contribution designation - procedure - effective date

For income tax years commencing on or after January 1, 2019, the Colorado state individual income tax return form must contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the taxpayer wishes to make to the Habitat for Humanity of Colorado fund created in section
39-22-4503(1)
.
Amended by 2020 Ch. 243,§ 10, eff. 9/14/2020.
L. 2013: Entire part added, (SB 13-029), ch. 45, p. 123, § 1, effective August 7.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2015, that the voluntary contribution for the Habitat for Humanity of Colorado fund was added to the state income tax return form beginning January 1, 2016.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 45 - HABITAT FOR HUMANITY OF COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-4501 — 39-22-4504) › Section 39-22-4503 - Contributions credited to the Habitat for Humanity of Colorado fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4502
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the Habitat for Humanity of Colorado fund, which fund is hereby created in the state treasury. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
The general assembly shall appropriate annually from the Habitat for Humanity of Colorado fund to the department of revenue its costs of administering moneys designated as contributions to the fund. After subtracting the appropriation to the department, the state treasurer shall transfer all moneys remaining in the fund at the end of the fiscal year to Habitat for Humanity of Colorado, a Colorado nonprofit organization.
L. 2013: Entire part added, (SB 13-029), ch. 45, p. 123, § 1, effective August 7.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 45 - HABITAT FOR HUMANITY OF COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-4501 — 39-22-4504) › Section 39-22-4504 - Repeal of part

This part 45 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statutes that the Habitat for Humanity of Colorado fund voluntary contribution will no longer appear on the individual income tax return form due to a failure to meet the requirements of section
39-22-1001(5)(a)
.
Amended by 2020 Ch. 243,§ 11, eff. 9/14/2020.
L. 2013: Entire part added, (SB 13-029), ch. 45, p. 123, § 1, effective August 7.
The revisor of statutes received the written certification referred to in this section on November 1, 2020.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 46 - COLORADO YOUTH CORPS ASSOCIATION VOLUNTARY CONTRIBUTION (§§ 39-22-4601 — 39-22-4604) › Section 39-22-4601 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that the Colorado Youth Corps Association promotes youth development through conservation and advances the youth conservation corps accredited by the Colorado Youth Corps Association in the state that engage youth and young adults to address land, water, and energy challenges while they chart their educational and employment futures.
(2)
In order to assist Colorado in fulfilling the mission of the Colorado Youth Corps Association, the general assembly recognizes that many citizens of Colorado may be willing to provide moneys to assist in its efforts. It is therefore the intent of the general assembly to provide Coloradans the opportunity to support the efforts of the Colorado Youth Corps Association by allowing citizens to make a voluntary contribution on their state income tax return form to the Colorado Youth Conservation Corps fund for that purpose.
L. 2014: Entire part added, (HB 14-1092), ch. 131, p. 457, § 1, effective August 6.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 46 - COLORADO YOUTH CORPS ASSOCIATION VOLUNTARY CONTRIBUTION (§§ 39-22-4601 — 39-22-4604) › Section 39-22-4602 - Voluntary contribution designation - procedure - effective date

For the five consecutive income tax years immediately following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line on the income tax return form has become available and the Colorado Youth Conservation Corps fund voluntary contribution is next in the queue established pursuant to said section
39-22-1001(8)
, the executive director shall ensure that the Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes to make to the Colorado Youth Conservation Corps fund created in section
39-22-4603(1)
.
L. 2014: Entire part added, (HB 14-1092), ch. 131, p. 458, § 1, effective August 6.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 46 - COLORADO YOUTH CORPS ASSOCIATION VOLUNTARY CONTRIBUTION (§§ 39-22-4601 — 39-22-4604) › Section 39-22-4603 - Contributions credited to the Colorado Youth Conservation Corps fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4602
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the Colorado Youth Conservation Corps fund, which fund is hereby created in the state treasury. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
The general assembly shall appropriate annually from the Colorado Youth Conservation Corps fund to the department of revenue its costs of administering moneys designated as contributions to the fund. After subtracting the appropriation to the department, the state treasurer shall transfer all moneys remaining in the fund at the end of the fiscal year to the Colorado Youth Corps Association, a Colorado nonprofit organization.
L. 2014: Entire part added, (HB 14-1092), ch. 131, p. 458, § 1, effective August 6.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 46 - COLORADO YOUTH CORPS ASSOCIATION VOLUNTARY CONTRIBUTION (§§ 39-22-4601 — 39-22-4604) › Section 39-22-4604 - Repeal of part

This part 46 is repealed, effective January 1 of the sixth income tax year following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line has become available and the Colorado Youth Conservation Corps fund voluntary contribution is next in the queue, unless the Colorado Youth Conservation Corps fund established by this part 46 is continued or reestablished by the general assembly acting by bill prior to said date.
L. 2014: Entire part added, (HB 14-1092), ch. 131, p. 458, § 1, effective August 6.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4701 - Short title

The short title of this part 47 is the "First-time Home Buyer Savings Account Act".
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1302, § 2, effective August 10.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4702 - Legislative declaration

The general assembly declares that the purpose for allowing taxable income to be reduced by earnings from a first-time home buyer savings account is to encourage first-time home ownership through incentivizing saving for a down payment and closing costs because of the significant financial and civic benefits home ownership provides for our state.
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1302, § 2, effective August 10.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4703 - Definitions

As used in this part 47, unless the context otherwise requires:
(1)
"Account holder" means an individual who establishes an account with a financial institution that is designated as a first-time home buyer savings account in accordance with section
39-22-4704
.
(2)
"Department" means the department of revenue.
(3)
"Eligible expenses" means a down payment and any closing costs included on a real estate settlement statement, including, but not limited to, appraisal fees, mortgage origination fees, and inspection fees.
(4)
"Financial institution" means any state bank, state trust company, savings and loan association, federally chartered credit union doing business in Colorado, credit union chartered by the state of Colorado, national bank, broker-dealer, mutual fund, insurance company, or other similar financial entity qualified to do business in the state of Colorado.
(5)
"First-time home buyer" means an individual who:
(a)
Has never owned or purchased under contract for deed, either individually or jointly, a single-family, owner-occupied primary residence, including, but not limited to, a condominium unit or a manufactured or mobile home that is assessed and taxed as real property; or
(b)
As a result of the individual's dissolution of marriage, has not been listed on a property title for at least three consecutive years or more.
(6)
"First-time home buyer savings account" or "account" means an account with a financial institution designated as such in accordance with section
39-22-4704(1)
.
(7)
"Qualified beneficiary" means a first-time home buyer designated by an account holder for whom the money in a first-time home buyer savings account is or will be used for eligible expenses for the purchase of his or her primary residence in the state.
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1302, § 2, effective August 10.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4704 - [Effective Until 8/7/2024] First-time home buyer savings account

(1)
Beginning January 1, 2017, any individual may open an account with a financial institution and designate the account, in its entirety, as a first-time home buyer savings account to be used to pay or reimburse a qualified beneficiary's eligible expenses for the purchase of a primary residence in Colorado. An individual may be the account holder of multiple accounts, and an individual may jointly own the account with another person if they file a joint income tax return. To be eligible for the subtraction under section
39-22-104 (4)(w)(I)
, an account holder must comply with the requirements of this section.
(2)
An account holder must designate, no later than April 15 of the year following the taxable year during which the account is established, a first-time home buyer as the qualified beneficiary of the first-time home buyer savings account. The account holder may designate himself or herself as the qualified beneficiary. The account holder may change the designated qualified beneficiary at any time, but there may not be more than one qualified beneficiary at any time. An account holder cannot have multiple accounts with the same qualified beneficiary, but an individual may be designated as the qualified beneficiary of multiple accounts.
(3)
(a)
The following limits apply to a first-time home buyer savings account:
(I)
The maximum contribution to a first-time home buyer savings account for a taxable year is fourteen thousand dollars for an individual and twenty-eight thousand dollars for account holders who file a joint return;
(II)
The maximum amount of all contributions for all taxable years to a first-time home buyer savings account is fifty thousand dollars; and
(III)
The maximum total amount in an account is one hundred fifty thousand dollars.
(b)
If a limit in paragraph (a) of this subsection (3) is exceeded, then thereafter no interest or other income earned on the investment of money in a first-time home buyer savings account may be subtracted from taxable income under section
39-22-104 (4)(w)(I)
.
(c)
Money may remain in a first-time home buyer savings account for unlimited duration without the interest or income being subject to recapture or penalty.
(4)
The account holder shall not use money in an account to pay expenses of administering the account; except that a service fee may be deducted from the account by a financial institution. The account holder is responsible for maintaining documentation for the first-time home buyer savings account and for eligible expenses related to the qualified beneficiary's purchase of his or her primary residence.
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1303, § 2, effective August 10.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4706 - Forms

The department shall establish forms for an account holder to annually report information about a first-time home buyer savings account, including, but not limited to, how the money from the fund is used, and identify any supporting documentation that is required to be maintained. To be eligible for the subtraction in section
39-22-104(4)(w)
, an account holder must annually file with his or her state income tax return the completed form, the form 1099 for the account issued by the financial institution, and any other supporting documentation the department requires.
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1305, § 2, effective August 10.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4707 - Financial institutions

(1)
A financial institution is not required to:
(a)
Designate an account as a first-time home buyer savings account, or designate the beneficiaries of an account, in the financial institution's account contracts or systems or in any other way;
(b)
Track the use of money withdrawn from a first-time home buyer savings account; or
(c)
Report any information to the department or any other governmental agency that is not otherwise required by law.
(2)
A financial institution is not responsible or liable for:
(a)
Determining or ensuring that an account holder is eligible for a subtraction under section
39-22-104(4)(w)(I)
;
(b)
Determining or ensuring that money in the account is used for an eligible expense; or
(c)
Reporting or remitting taxes or penalties related to use of money in a first-time home buyer savings account.
(3)
In implementing this part 47 and section
39-22-104(3)(k) and (4)(w)
, the department shall not establish any administrative, reporting, or other requirements on financial institutions that are outside the scope of normal account procedures.
L. 2016: Entire part added, (HB 16-1467), ch. 321, p. 1305, § 2, effective August 10.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 47 - FIRST-TIME HOME BUYER SAVINGS ACCOUNT (§§ 39-22-4701 — 39-22-4708) › Section 39-22-4708 - [Effective 8/7/2024] Repeal

This part 47 is repealed, effective December 31, 2028.
Added by 2024 Ch. 373,§ 25, eff. 8/7/2024.
2024 Ch. 373, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 48 - URBAN PEAK HOUSING AND SUPPORT SERVICES FOR YOUTH EXPERIENCING HOMELESSNESS FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4801 — 39-22-4804) › Section 39-22-4801 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that:
(a)
Urban Peak is a humanitarian organization that provides supportive housing and comprehensive support services to youths age fifteen to twenty-four who are experiencing homelessness in Colorado;
(b)
Urban Peak serves more than two thousand five hundred youths experiencing homelessness each year;
(c)
Urban Peak provides street outreach six days a week and provides hygiene materials, clothing and food, referrals, assistance in obtaining personal documentation, and an adult lifeline to more than one thousand one hundred youths a year living on the streets;
(d)
Urban Peak provides the following to one thousand five hundred youths per year in a low-barrier, drop-in center:
(I)
Temporary respite from outdoor elements;
(II)
Hot breakfasts;
(III)
Lockers;
(IV)
Laundry service;
(V)
Showers;
(VI)
Individualized case management;
(VII)
Harm reduction; and
(VIII)
Life skills classes;
(e)
Urban Peak also provides sixty shelter beds three hundred sixty-five days per year to youths experiencing homelessness in Colorado, providing five hundred youths ages fifteen to twenty-one a safe place to sleep, three meals per day, medical and mental health care, family mediation, individualized case management, and access to numerous other support services;
(f)
Urban Peak provides supportive housing, which places youths in their own apartments, to one hundred fifty-five youths per year, which supportive housing includes individualized, strength-based case management, education and employment services, and skill development to increase their ability to achieve self-sufficiency; and
(g)
Urban Peak provides education and employment support services to nearly six hundred youths each year, including GED tutoring and testing, individualized case management, high school reengagement support, post-secondary educational opportunities, job readiness training, job retention support, and food safety and retail certifications.
(2)
In order to assist Colorado in fulfilling the mission of Urban Peak Housing and Support Services for Youth Experiencing Homelessness, the general assembly recognizes that many citizens of Colorado may be willing to provide moneys to assist in its efforts. It is therefore the intent of the general assembly to provide Coloradans the opportunity to support the efforts of Urban Peak Housing and Support Services for Youth Experiencing Homelessness by allowing citizens to make a voluntary contribution on their state income tax return form to the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund for that purpose.
L. 2017: Entire part added, (HB 17-1055), ch. 38, p. 113, § 1, effective August 9.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 48 - URBAN PEAK HOUSING AND SUPPORT SERVICES FOR YOUTH EXPERIENCING HOMELESSNESS FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4801 — 39-22-4804) › Section 39-22-4802 - Voluntary contribution designation - procedure - effective date

For the five consecutive income tax years immediately following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line on the income tax return form has become available and the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund voluntary contribution is next in the queue established pursuant to said section
39-22-1001(8)
, the executive director shall ensure that the Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes to make to the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund created in section
39-22-4803(1)
.
L. 2017: Entire part added, (HB 17-1055), ch. 38, p. 115, § 1, effective August 9.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2017, that the voluntary contribution for the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund was added to the state income tax return form beginning January 1, 2018.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 48 - URBAN PEAK HOUSING AND SUPPORT SERVICES FOR YOUTH EXPERIENCING HOMELESSNESS FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4801 — 39-22-4804) › Section 39-22-4803 - Contributions credited to the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4802
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund, which fund is hereby created in the state treasury. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
The general assembly shall appropriate annually from the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund to the department of revenue its costs of administering moneys designated as contributions to the fund. After subtracting the appropriation to the department, the state treasurer shall transfer all moneys remaining in the fund at the end of the fiscal year to Urban Peak, a Colorado nonprofit organization.
L. 2017: Entire part added, (HB 17-1055), ch. 38, p. 115, § 1, effective August 9.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 48 - URBAN PEAK HOUSING AND SUPPORT SERVICES FOR YOUTH EXPERIENCING HOMELESSNESS FUND VOLUNTARY CONTRIBUTION (§§ 39-22-4801 — 39-22-4804) › Section 39-22-4804 - Repeal of part

This part 48 is repealed, effective January 1 of the sixth income tax year following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line has become available and the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund voluntary contribution is next in the queue, unless the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund established by this part 48 is continued or reestablished by the general assembly acting by bill prior to said date.
L. 2017: Entire part added, (HB 17-1055), ch. 38, p. 115, § 1, effective August 9.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2017, that the voluntary contribution for the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund was added to the state income tax return form beginning January 1, 2018.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 49 - FAMILY CAREGIVER SUPPORT FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4901 — 39-22-4904) › Section 39-22-4901 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that:
(a)
Approximately one million two hundred thousand Coloradans, or nearly one in four, live with a chronic disease or disability;
(b)
One in six, or an estimated fifteen percent of, children ages three to seventeen years have at least one developmental disability;
(c)
More than one and one-half million, or three in ten, Coloradans require mental health treatment each year;
(d)
The older adult population is growing at a faster rate than the general population;
(e)
By the year 2040, the number of residents aged sixty or older in Colorado is expected to double from one in eight persons to one in four, or an estimated one million three hundred thousand older adults, and the rapid expansion within that demographic may create a strain on the health-care sector, long-term services and supports, and the state;
(f)
Family caregivers, including family members and friends, are the main providers of long-term services and supports to older adults and to individuals living with chronic health-care needs or disability;
(g)
By using community programs, services, and supports that reduce or defer health-care expenses or out-of-home placement, family caregivers, family care recipients, and Colorado taxpayers can all benefit;
(h)
Helping Coloradans "age in place", safely and independently, is a priority for the state's long-term sustainability; and
(i)
Easter Seals Colorado provides support to individuals and families with programs and services to:
(I)
Enhance individuals' quality of life;
(II)
Create opportunities for individuals living with chronic health-care challenges to achieve greater independence; and
(III)
Empower and support family caregivers as they work to assist family members living with challenges posed by chronic disease, disability, aging, or other special needs.
(2)
Therefore, it is the intent of the general assembly to provide Colorado citizens the opportunity to support the efforts of Easter Seals Colorado, a registered nonprofit organization pursuant to section 501 (c)(3) of the internal revenue code, and support services for individuals living with chronic health-care needs and family caregivers by allowing citizens to make voluntary contributions on their state income tax return forms for that purpose.
L. 2017: Entire part added, (HB 17-1222), ch. 346, p. 1821, § 1, effective August 9.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 49 - FAMILY CAREGIVER SUPPORT FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4901 — 39-22-4904) › Section 39-22-4902 - Voluntary contribution designation - procedure - effective date

For the five consecutive income tax years immediately following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line on the income tax return form has become available and the family caregiver support fund voluntary contribution is next in the queue established pursuant to said section
39-22-1001(8)
, the executive director shall ensure that the Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, that the individual wishes to make to the family caregiver support fund created in section
39-22-4903(1)
.
L. 2017: Entire part added, (HB 17-1222), ch. 346, p. 1822, § 1, effective August 9.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2017, that the voluntary contribution for the family caregiver support fund was added to the state income tax return form beginning January 1, 2018.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 49 - FAMILY CAREGIVER SUPPORT FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4901 — 39-22-4904) › Section 39-22-4903 - Contributions credited to the family caregiver support fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-4902
and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the family caregiver support fund, which is hereby created in the state treasury. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the family caregiver support fund to the fund.
(2)
The general assembly shall appropriate annually from the family caregiver support fund to the department of revenue its costs of administering moneys designated as contributions to the fund. After subtracting the appropriation to the department, the state treasurer shall transfer all money remaining in the fund at the end of the fiscal year to Easter Seals Colorado, a registered nonprofit organization pursuant to section 501 (c)(3) of the internal revenue code.
L. 2017: Entire part added, (HB 17-1222), ch. 346, p. 1822, § 1, effective August 9.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 49 - FAMILY CAREGIVER SUPPORT FUNDVOLUNTARY CONTRIBUTION (§§ 39-22-4901 — 39-22-4904) › Section 39-22-4904 - Repeal of part

This part 49 is repealed, effective January 1 of the sixth income tax year following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line has become available and the family caregiver support fund voluntary contribution is next in the queue, unless the family caregiver support fund established by this part 49 is continued or reestablished by the general assembly acting by bill before that date.
L. 2017: Entire part added, (HB 17-1222), ch. 346, p. 1823, § 1, effective August 9.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2017, that the voluntary contribution for the family caregiver support fund was added to the state income tax return form beginning January 1, 2018.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 50 - YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION FUND VOLUNTARY CONTRIBUTION (§§ 39-22-5001 — 39-22-5004) › Section 39-22-5001 - Legislative declaration

(1)
The general assembly hereby finds, determines, and declares that:
(a)
Young Americans Center for Financial Education is a Colorado nonprofit organization established to develop the financial literacy of young people through real-life experiences and hands-on programs purposefully designed to enable them to prosper in the free enterprise system;
(b)
The center provides experiential programs about personal finance, economics, and business to students across Colorado through programs such as Young AmeriTowne, International Towne, YouthBiz, and summer camps;
(c)
Established in 1990, Young AmeriTowne has reached nearly four hundred forty thousand youth;
(d)
In 2017, Young AmeriTowne On the Road took the program to Pueblo, Grand Junction, Fort Collins, Durango, and the Denver metro area, and served more than five thousand students;
(e)
International Towne has educated nearly one hundred thirty thousand students since its inception, including almost eleven thousand in 2017;
(f)
One-third of participants in Young AmeriTowne and International Towne are low-income students;
(g)
One out of five participants attend on scholarship; and
(h)
The center's programs help build life skills, work skills, and financial self-sufficiency in Colorado youth.
(2)
In light of the mission and programs of the center, the general assembly recognizes that many citizens of Colorado may be willing to provide money to assist in its efforts. It is therefore the intent of the general assembly to provide Coloradans the opportunity to support the efforts of Young Americans Center for Financial Education by allowing citizens to make a voluntary contribution on their state income tax return form to the Young Americans Center for Financial Education fund for that purpose.
Added by 2018 Ch. 210,§ 1, eff. 8/8/2018.
L. 2018: Entire part added, (HB 18-1305), ch. 210, p. 1343, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 50 - YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION FUND VOLUNTARY CONTRIBUTION (§§ 39-22-5001 — 39-22-5004) › Section 39-22-5002 - Voluntary contribution designation - procedure - effective date

For the five consecutive income tax years immediately following the year in which the executive director files written certification with the revisor of statutes as specified in section
39-22-1001(8)
that a line on the income tax return form has become available and the Young Americans Center for Financial Education fund voluntary contribution is next in the queue established pursuant to said section
39-22-1001(8)
, the executive director shall ensure that the Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes to make to the Young Americans Center for Financial Education fund created in section
39-22-5003(1)
.
Added by 2018 Ch. 210,§ 1, eff. 8/8/2018.
L. 2018: Entire part added, (HB 18-1305), ch. 210, p. 1344, § 1, effective August 8.