Bill > SB009

This bill clarifies the process for charitable organizations to be recognized as exempt from state sales and use tax in Colorado. Currently, the definition of a charitable organization for tax purposes aligns with federal guidelines, specifically referencing organizations recognized under section 501(c)(3) of the Internal Revenue Code. The bill mandates that the Colorado Department of Revenue must now presume an organization is charitable for sales and use tax exemption purposes if it provides a 501(c)(3) determination letter from the Internal Revenue Service, and this presumption cannot be overturned solely due to a change in the organization's 501(c)(3) status.

Budget and Finance

https://leg.colorado.gov/bills/SB26-009