Draffin Tucker Contributes Over $1,000,000 to Rural Hospitals Through State’s Tax Credit Program
Monday, August 22nd, 2022
In response to Georgia’s Rural Hospital Tax Credit Program, Draffin & Tucker, LLP has announced that with its 2022 contribution of approximately $200,000, the Draffin Tucker team has contributed over $1,000,000 to eligible rural hospitals within the state over the last six years.
“Draffin Tucker works extensively with hospitals and health systems throughout the state of Georgia of which many serve rural communities. Certainly, over the last couple of years we have seen how vital rural hospitals are to not only their communities but to the state’s healthcare infrastructure. The Georgia Rural Hospital Tax Credit Program is just one of the many ways that our firm participates in supporting rural hospitals so they may continue to provide the care and services their communities need,” said Jeff Wright, firm managing partner.
House Bill 769, the updated form of SB 258, seeks to drive private contributions to rural hospitals through a tax credit program, designed to bolster the rural hospital community in Georgia by generating total contributions in excess of $300 million over a five-year term. The Rural Hospital Tax Credit Program became effective in Georgia beginning January 1, 2017. From 2018 through 2022, Georgia taxpayers can access $60 million of rural hospital organization (RHO) tax credits each year, with each qualified RHO having access to $4 million of tax credits (until the total annual $60 million cap is met).
To find out more about the tax credit program, eligible hospitals and find out how you can get involved, we invite you to visit https://dch.georgia.gov/rural-hospital-tax-credit.
For any questions regarding the Rural Hospital Tax Credit Program, we invite you to reach out to Bert Bennett, partner at Draffin Tucker, at email@example.com.