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GA HB1041

Bill

Official Source

Status

Passed

5/6/2022

Primary Sponsor

Clay Pirkle

Click for details

Origin

House of Representatives

2021-2022 Regular Session

AI Summary

  • Increases the aggregate annual cap on Georgia tax credits for contributions to rural hospital organizations from $60 million to $75 million per taxable year
  • Amends Code Section 48-7-29.20 of the Official Code of Georgia Annotated
  • Effective January 1, 2023, applicable to taxable years beginning on or after that date
  • Passed both the Georgia House and Senate, sponsored by Representatives Pirkle, Jasperse, Watson, England, Corbett, and others

Legislative Description

Income tax; tax credits for contributions to rural hospital organizations; increase aggregate limit

Last Action

Effective Date 2023-01-01

5/6/2022

Committee Referrals

Finance3/16/2022
Ways and Means1/27/2022

Full Bill Text

No bill text available