Colorado Report Released
A report by the Colorado Auditors Office on the fraternal tax exemption was published on January 15, 2019.
While the overall tone of the CAO report was positive, it did contain a suggestion that policymakers may want to review the fraternal exemption to ensure that it is fulfilling its purpose simply because of the age of the exemption (more than 100 years old) and the diminishing role fraternals play in the financial services sector. Alliance staff is closely monitoring legislative activity in Colorado and we have received no inquiries from lawmakers about the CAO report and have seen no legislative activity as a result of the report. We will continue to keep close tabs on Colorado legislative activity but do not see a need for any proactive outreach to lawmakers to counter any of the findings in the report at this time.