Can you tell me more about Georgia’s Rural Hospital Tax Credit?

In March of 2016, Georgia’s General Assembly passed Senate Bill 258, making it possible for Georgia taxpayers who make contributions to a qualified rural hospital to receive a tax credit on their state income tax.

This important piece of legislation was supported by the Georgia Hospital Association and many others who believe in the importance of access to health care for rural communities. The bill was signed into law in April and took effect January 1, 2017.

Meadows is one of 48 hospital organizations deemed eligible to receive donations as part of the tax credit program. 

How does the tax credit work?

Depending on the amount of the contribution, individuals can receive a credit toward their state taxes for as much as $5,000. Those filing jointly can receive up to $10,000 and businesses can receive up to 75% of their Georgia income tax liablility. When paired with a federal-tax deduction given for charitable contributions, donations can go even further. Learn more

Who can apply for the tax credit and donate?

Any Georgia resident wanting to make a significant contribution to the health and well-being of the community, or see their donations go further, can apply for the tax credit.

How does a tax credit help hospitals?

Under the new law, $50 million in tax credits will be set aside in the program’s first year, $60 million in 2018 and $70 million in 2019. The program also enables qualified rural hospitals like Meadows Regional receive up to $4 million in contributions annually. The program is set to expire in 2019.

Contributions can help hospitals fund capital improvement projects such as new hospital wings or high-tech equipment, bring in more physicians and other medical staff, or offer the latest in advanced medicine or services.

How can I get the credit and what I can expect?

To qualify, you will first need to complete the Tax Credit Pre-approval Form. You can complete the form here, which allows Georgia HEART Hospital Program to submit your application to the Department of Revenue on your behalf.

Donors should receive notice of their qualification within 30 days. Once approved, the actual donation must be made within 60 days. To start the process, click here. 

What obligations or responsibilities do hospitals have to ensure money is spent wisely?

All qualified hospitals must submit a five-year plan detailing the financial viability and stability of the hospital to the Department of Revenue.

In addition, all funds go directly to the hospital.

To learn how funds will be spent, read a message from Meadows Health President and CEO, Alan Kent.

Don’t wait — apply today and receive your tax credit!