Colorado 2018 Regular Session Status: Enacted

HB 18-1305 — Income Tax Check-off Young Americans Financial Education

Last action — Governor Signed

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 20, 2018. Enacted.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

The bill creates the Young Americans Center for Financial Education 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 money designated for the fund. After that amount is deducted, the money remaining in the fund at the end of a fiscal year is transferred to the Young Americans Center for Financial Education, 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. The fund is repealed in the sixth income tax year following the year in which the director files the certification, unless it is continued by the general assembly before then. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Bill Text

What changed in the latest version

16 added · 19 removed

Plain-language change summary

The bill HB 18-1305 now includes a voluntary contribution designation specifically for the Young Americans Center for Financial Education in the state's individual income tax form. This change allows taxpayers to easily support the financial education of young people by designating a portion of their taxes to this fund. It matters because it provides a simple way for individuals to contribute to financial literacy initiatives, helping to prepare the next generation for managing their finances effectively.

→
Previous
Latest
Second Regular Session Seventy-first General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
Second Regular Session Seventy-first General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
18-1044.01 Megan Waples x4348 HOUSE BILL 18-1305 HOUSE SPONSORSHIP Coleman and Neville P., SENATE SPONSORSHIP Neville T., House Committees Senate Committees Finance A BILL FOR AN ACT C ONCERNINGAVOLUNTARYCONTRIBUTIONDESIGNATIONBENEFITING THE Y OUNG A MERICANS C ENTER FOR F INANCIAL E DUCATION FUND THAT APPEARS ON THE STATE INDIVIDUAL TAX RETURN FORMS .
18-1044.01 Megan Waples x4348 HOUSE BILL 18-1305 HOUSE SPONSORSHIP Coleman and Neville P., SENATE SPONSORSHIP Neville T., House Committees Senate Committees Finance A BILL FOR AN ACT CONCERNINGAVOLUNTARYCONTRIBUTIONDESIGNATIONBENEFITING THE Y OUNG A MERICANS C ENTER FOR F INANCIAL E DUCATION FUND THAT APPEARS ON THE STATE INDIVIDUAL TAX RETURN FORMS .
Bill Summary e n (Note:
Bill Summary (Note:
This summary applies to this bill as introduced and does m 1 S n 2 notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill U g 3 passes third reading in the house of introduction, a bill summary that H d r e A applies to the reengrossed version of this bill will be available at R http://leg.colorado.gov.) 3 The bill creates the Young Americans Center for Financial Education fund (fund) in the state treasury.
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) The bill creates the Young Americans Center for Financial Education fund (fund) in the state treasury.
A voluntary contribution d designation line for the fund will appear on the state individual income e m 1 S n 2 U g l Shading denotes HOUSE amendment.
A voluntary contribution d n designation line for the fund will appear on the state individual income e 8 En 2 UU 2 Shading denotes HOUSE amendment.
H d p Capital letters or bold & italic numbers indicate new material to be added to existing statuee.
Hi r Capital letters or bold & italic numbers indicate new material to be added to existieg statute.
d tax return form (form) for the 5 income tax years following the year that theexecutivedirectorofthedepartmentofrevenue(department)certifies to the revisor of statutes that:
R tax return form (form) for the 5 income tax years following the year that theexecutivedirectorofthedepartmentofrevenue(department)certifies to the revisor of statutes that:
⬇ Download PDF
View plain text versions (7)

Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the Speaker of the House

  3. Signed by the President of the Senate

  4. Sent to the Governor

  5. Senate Third Reading Passed - No Amendments

  6. Senate Second Reading Special Order - Passed - No Amendments

  7. Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  8. House Third Reading Passed - No Amendments

  9. Introduced In Senate - Assigned to Finance

  10. House Second Reading Passed - No Amendments

  11. House Second Reading Laid Over to 04/02/2018 - No Amendments

  12. House Committee on Finance Refer Unamended to House Committee of the Whole

  13. Introduced In House - Assigned to Finance

Sponsors

  • James Coleman · Primary
  • Patrick Neville · Primary
  • Tim Neville · Primary

Sponsorship breakdown

Export CSV (upgrade) →

3 sponsors · 0 co-sponsors · 99 not signed on · 1 voted No

Sponsors (3)

  • James Coleman
  • Patrick Neville
  • Tim Neville

Co-sponsors (0)

None.

Not signed on (99)

99 members have not signed on to this bill.

Show all 99 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

BILL

Passed 60 Yea · 4 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 47401
Democrat 9000
Republican 4000
Total 60401
% of votes cast 92%6%0%2%
How each member voted (65)
Member Party Vote
Becker J. — Yea
Becker K. — Yea
Buckner — Yea
McLachlan — Yea
Neville P. — Yea
Salazar — Yea
Young — Yea
Arndt — Yea
Beckman — Yea
Buck — Yea
Carver — Yea
Covarrubias — Yea
Esgar — Yea
Everett — Nay
Foote — Yea
Garnett — Yea
Ginal — Yea
Gray — Yea
Hamner — Yea
Hansen — Yea
Herod — Yea
Hooton — Yea
Humphrey — Nay
Kraft-Tharp — Yea
Landgraf — Yea
Lawrence — Yea
Lee — Yea
Leonard — Nay
Lontine — Yea
Lundeen — Yea
McKean — Yea
Melton — Yea
Pabon — Yea
Pettersen — Yea
Rankin — Yea
Ransom — Not Voting
Reyher — Yea
Rosenthal — Yea
Saine — Yea
Sandridge — Yea
Sias — Yea
Singer — Yea
Thurlow — Yea
Willett — Yea
Winkler — Yea
Wist — Yea
Adrienne Benavidez — Yea
Jaquez Lewis — Yea
Michaelson Jenet — Yea
Van Winkle — Yea
Williams D. — Nay
deGruy Kennedy — Yea
Alex Valdez Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Jamie Jackson Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Mike Weissman Democrat Yea
Monica Duran Democrat Yea
Tony Exum Democrat Yea
Larry Liston Republican Yea
Lynda Zamora Wilson Republican Yea
Marc Catlin Republican Yea
Ty Winter Republican Yea

Subjects

taxation education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 18-1305 do?
The bill creates the Young Americans Center for Financial Education 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 money designated for the fund. After that amount is deducted, the money remaining in the fund at the end of a fiscal year is transferred to the Young Americans Center for Financial Education, 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. The fund is repealed in the sixth income tax year following the year in which the director files the certification, unless it is continued by the general assembly before then. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Who sponsors HB 18-1305?
HB 18-1305 is sponsored by James Coleman, Patrick Neville, and Tim Neville.
What is the current status of HB 18-1305?
This bill has been enacted into law. Introduced March 20, 2018. Enacted.
Where can I track HB 18-1305?
Track HB 18-1305 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 18-1305

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 18-1305

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →