House Bill 12-1236
During the 2012 session, the 68th
General Assembly, the state adopted House Bill 12‑1236, concerning the regulation
of charitable solicitations.
Changes Effective January 1, 2013:
- A grant writer is excluded from the definition of “paid solicitor,” unless the grant writer’s compensation is computed on the basis of funds raised from the grant.
- A fundraiser does not have to register with the Secretary of State if fundraising on behalf of a specific individual named in the solicitation and when the proceeds of the solicitation are given to or expended for the direct benefit of the specified individual.
- If a charity has filed for an extension with the Internal Revenue Service, the charity does not need to request a three-month extension for the filing of its initial or annual financial report with the Secretary of State.
- A charitable organization is only required to deposit monetary contributions into a financial institution within two days of receipt. This clarifies that noncash contributions are not subject to the two-day deposit requirement.
- In the opening greeting, a paid solicitor must now state their full and complete name.
- Near the beginning of a telephone solicitation, a paid solicitor must disclose that a contribution is not tax-deductible, if that is the case, before soliciting the donation.
House Bill 12-1236 (PDF)
Colorado Charitable Solicitations Act (PDF)