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Central Georgia News

Wednesday, October 16, 2024

Georgia Heart: Update: Expanding Our Rural Hospital Lifeline

Pexels anna tarazevich 5697254

Update | Photo by Anna Tarazevich: https://www.pexels.com/photo/update-lettering-text-on-black-background-5697254/

Update | Photo by Anna Tarazevich: https://www.pexels.com/photo/update-lettering-text-on-black-background-5697254/

Georgia Heart: Update: Expanding Our Rural Hospital Lifeline

Yesterday afternoon, the Senate Finance Committee passed a substitute to HB 504, which now includes the Rural Hospital Tax Credit language. The bill removes the cap increase, leaving it at $75 million, and changes the sunset date to 12/31/26. It also removes the $10k to $25k first half of the year contribution limit increase for pass-through owners.   

https://www.legis.ga.gov/legislation/63709

Original source can be found here.

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