Proposal to increase Georgia’s rural hospital tax credit up for consideration

Georgia lawmakers are looking to expand the state’s tax credit program for rural hospitals, reports Atlanta Business Chronicle.

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Here are three things to know.

1. Georgia’s tax credit program for rural hospitals was established in 2016. Under the program, rural hospitals receive income tax credits in return for private donations, according to the report.

2. The House in its proposal wants to increase the tax credit, from 70 percent of the donation amount to 90 percent, reports Atlanta Business Chronicle. The Senate is hoping for 80 percent.

3. Both chambers also want to raise increase a statewide cap on the program from $50 million to $60 million, the report states.

 

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