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GA HB834
Bill
Status
Introduced
1/25/2016
Primary Sponsor
Lee Hawkins
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AI Summary
- Creates a Georgia income tax credit for contributions to "charity health care organizations," defined as 501(c)(3) nonprofit corporations supporting ten or more charity health care clinics serving the uninsured
- Individual taxpayers may claim up to $1,000 (single/head of household) or $2,500 (married filing jointly) per year; corporations may claim up to 75% of their income tax liability
- Caps the aggregate amount of tax credits at $2 million per year for three years beginning January 1, 2017, with unused aggregate credits carrying over until December 31, 2022
- Requires taxpayers to obtain preapproval from the tax commissioner before making a contribution, with the commissioner deciding on a first-come, first-served basis within 30 days; contributions must be made within 60 days of preapproval
- Taxpayers may not claim both the tax credit and a charitable deduction for the same contribution, and unused individual credits may be carried forward for up to five years
Legislative Description
Health; establish charity care organizations for healthcare for the uninsured; provide tax credit
Last Action
House Second Readers
1/27/2016
Full Bill Text
No bill text available