Solvista Health announced that donors to its Regional Assessment Center for substance use, withdrawal management and mental health treatment are now eligible to receive special tax credits for their charitable contributions.
The center is a nearly 12,000-square-foot building under construction next to Heart of the Rockies Regional Medical Center in Salida, a press release stated.
The project received approval by the Colorado Office of Economic Development and International Trade to be included in the Chaffee County Enterprise Zone and the tax credit opportunity.
Contributions of $250 and more to Solvista Health, a 501(c)(3) nonprofit organization, will qualify the donor to receive a tax credit on their Colorado income tax return, in addition to the current tax deduction available. Solvista Health worked in conjunction with the Upper Arkansas Area Council of Governments to be included in the program. There are 16 Enterprise Zones throughout Colorado in both urban and rural areas.
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Legislators passed a raft of bills dealing with the cannabis industry during the 2021 session.
While the most sweeping and controversial of the bills, HB21-1317, put additional constraints on medical marijuana sales, several other bills were designed to bolster the industry.
With sales that topped $2.19 billion in 2020, âwe need to recognize that the Colorado cannabis industry is entering a competitive phase with other states,â said Rep. Marc Snyder (D-Dist. 18).
âIf you look at the history of Prohibition and alcohol, it got to around this point where roughly 20 states or more were just not enforcing the federal prohibition any more, and thatâs when Amendment 21 repealed Prohibition.â
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