Taxpayers can donate to local hospital and receive a state income tax credit
Beginning next week, Georgia taxpayers can donate to Grady General Hospital and receive a state income tax credit. The Rural Hospital Tax Credit Bill, also known as Senate Bill 258, was adopted during the 2016 General Assembly and signed into law by Gov. Nathan Deal earlier this year.
The legislature adopted the state income tax credit program to encourage Georgians to contribute to and help support the growing needs of rural and critical access hospitals like Archbold’s Grady General Hospital.
“Georgia income tax credits are rarely approved by the state legislature, so this is a really fantastic opportunity for residents to help support Grady General Hospital,” said Vann Middleton, president of the Archbold Foundation.
“It’s important for citizens in south Georgia to understand that their donations, regardless of the amount, can have a huge impact on healthcare locally,” said LaDon Toole, Archbold’s vice president of system hospitals and long-term care facilities. “This is a great opportunity to ‘redirect’ your Georgia income tax dollars so they can directly impact Grady General Hospital.”
Middleton said, “The money will directly benefit Grady General Hospital. And in addition to receiving the federal tax deduction, the charitable contributions made to GGH will provide you with a 70 percent tax credit against your Georgia income tax liability. Electing to participate in the Georgia rural hospital tax credit program not only allows you to decide where your tax dollars are directed, but also rebates 70 percent of those taxes back to you in the form of a credit.”
Donations will be designated to help specifically fund healthcare-related expenses at GGH.
“The donations will be used to help fund direct patient care enhancements, hospital capital improvements and technology advancements, as well as to help recruit physicians to care for patients in Grady County,” said Toole. “It’s important for our community to know that their donations will make an impact locally. This is really a great opportunity for Grady County, and we’re looking forward to working with our community supporters to make a difference in healthcare locally.”
Go to www.georgiaheart.org for more information on the Georgia rural hospital tax credit program.