The general assembly hereby finds, determines, and declares that Special Olympics Colorado provides children and adults with developmental disabilities with a unique opportunity to build confidence and social skills through athletic competition. The general assembly recognizes that Special Olympics Colorado benefits all Coloradans by helping children and adults with developmental disabilities successfully integrate into society and become useful and productive citizens. The general assembly further recognizes that citizens of Colorado would be willing to provide additional funds to the Special Olympics Colorado program if given the opportunity. Therefore, the general assembly has enacted this part 18 to provide funding to the Special Olympics Colorado program through voluntary contributions on state individual income tax returns.
Source: L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 440, � 1, effective August 7.
39-22-1802. 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 Special Olympics Colorado fund created in section 39-22-1803.
Source: L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 440, � 1, effective August 7. L. 2020: Entire section amended, (SB 20-208), ch. 243, p. 1168, � 4, effective September 14.
39-22-1803. Contributions credited to the Special Olympics Colorado fund - creation - appropriation. (1) The department of revenue shall determine annually the total amount designated pursuant to section 39-22-1802 and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the Special Olympics Colorado fund, which fund is hereby created in the state treasury. At the end of each fiscal year, the state treasurer shall transfer all designated moneys in the fund and all interest derived from the deposit and investment of such moneys to Special Olympics Colorado. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2) Special Olympics Colorado shall use moneys received pursuant to subsection (1) of this section only for equipment, training, competitions, and awards for participants in the Special Olympics Colorado program.
Source: L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 441, � 1, effective August 7.