On May 10, Colorado’s 71st General Assembly adjourned having made many decisions on issues impacting nonprofits and communities in our state. We at Colorado Nonprofit Association are proud of the work of our advocacy and public policy team during this important time and grateful to the many nonprofits that joined us at the Capitol over the past four months.
Colorado Endowment Funds Tax Credit
Despite best efforts, we were not able to enact SB 287, the Colorado Endowment Funds Tax Credit, which passed the Senate (24-10) and the House Finance Committee (8-5) and received bipartisan support. Unfortunately, the bill did not make it to the House floor for approval before adjournment.
This act would have increased long-term giving and investments to nonprofits serving our local communities. More than 150 nonprofits and individuals throughout Colorado advocated for this bill alongside our team – and we will continue advocating for this cause in the future.
We also worked with legislators to pass these important bills:
Updating state definitions of grants and contracts
Clarifying charitable solicitations reporting and continuing bingo/raffle licensure requirements
Clarifying disclosure requirements for local officials serving on nonprofit boards
Performing a board member’s duties does not pose an inherent conflict of interest under HB 1293.
Visit our 2017 Legislative Session page for more information on how decisions made during this session will impact the nonprofit community.