Colorado Legislative Council Staff

NO FISCAL IMPACT

TITLE:            CONCERNING THE CHILD CARE VOLUNTARY CONTRIBUTION PROGRAM, AND, IN CONNECTION THEREWITH, EXTENDING THE PROGRAM FOR A PERIOD OF TEN YEARS AND MODIFYING THE TERMS OF MEMBERS OF THE CHILD CARE IMPROVEMENT OVERSIGHT COMMITTEE.

Summary of Assessment

            This bill extends the Child Care Voluntary Contribution Program through January 1, 2009. The program, which began in 1996 (for income tax returns filed in 1997) was scheduled for repeal for income tax years commencing on or after January 1, 1999. The terms of the three current members of the Child Care Improvement Oversight Committee would be terminated on January 1, 2000, and the Governor would appoint three new members to the committee.

            Currently, six income tax checkoffs appear on the 1998 individual income tax return that will be filed in 1999. These include: Colorado Non-Game and Endangered Wildlife Fund, Colorado Domestic Abuse Fund, Colorado Homeless Prevention Activities Fund, Colorado Child Care Improvement Fund, Colorado Special Olympics Fund, and the United States Olympic Committee Fund. The table below identifies the number of returns, total contribution, and average annual contribution made to the Colorado Child Care Improvement Fund checkoff and to all income tax checkoffs for 1997 and 1998.

Individual Income Tax Checkoffs

            No expenditure of state funds is required to extend an existing income tax checkoff. The computer programming necessary to continue the checkoff on the income tax return is in place. Therefore, the bill is assessed as having no fiscal impact. The bill would become effective 90 days after adjournment.

Departments Contacted

            Revenue