For income tax years commencing on or after January 1, 2016, 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 individual wishes to make to the unwanted horse fund created in section 39-22-3803 (1).
Source: L. 2010: Entire part added, (SB 10-139), ch. 305, p. 1441, � 1, effective August 11. L. 2013: Entire section R&RE, (HB 13-1164), ch. 62, p. 207, � 1, effective August 7. L. 2016: Entire section amended, (HB 16-1297), ch. 92, p. 260, � 12, effective April 14. L. 2021: Entire section amended, (SB 21-145), ch. 53, p. 225, � 12, effective September 7.
39-22-3803. Contributions credited to the unwanted horse fund - creation - appropriation. (1) The department of revenue shall determine annually the total amount designated pursuant to section 39-22-3802 and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the unwanted horse 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 unwanted horse 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 unwanted horse alliance, a registered nonprofit organization pursuant to section 501 (c)(3) of the internal revenue code.
Source: L. 2010: Entire part added, (SB 10-139), ch. 305, p. 1441, � 1, effective August 11.