Georgia rural hospitals get boost from state tax credit program

As Georgia rural hospitals struggle financially due to challenges such as uncompensated care, the state is lending a helping hand, according to a Times-Georgian report.

This helping hand comes via the Georgia Rural Hospital Tax Credit Program. Under the program, Georgia taxpayers may donate to eligible rural hospitals, according to the report.

For doing so, donors receive a tax credit, which under new state legislation increased the credit from 70 percent to 90 percent of their contributions. The maximum credit amount is $5,000 for individual taxpayers and double that for married couples, according to the report. "C" corporations have a maximum credit amount of three-fourths their state income tax liability.

This year, as well as the following two years, up to $4 million of credits will be available to those contributing to each qualifying Georgia rural hospital "each year until the annual $60 million cap is reached," reports Times-Georgian.

Learn more about the program, including a list of eligible Georgia rural hospitals, here.

 

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