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GA HB1523
Bill
Status
Introduced
3/4/2022
Primary Sponsor
Jodi Lott
Click for details
AI Summary
- Prohibits insurance companies from cancelling, modifying, refusing to issue, or refusing to renew life insurance policies solely because the applicant or insured donated a liver, pancreas, kidney, intestine, lung, or bone marrow as a living organ donor, effective July 1, 2022
- Replaces the existing income tax deduction for organ donation expenses (capped at $10,000 for unreimbursed travel, lodging, and lost wages) with a flat $25,000 income tax deduction for living organ donors, effective January 1, 2023
- Creates a new income tax credit for employers that provide paid donation leave to employee donors, worth $300 per day of leave or the actual amount paid, whichever is less, capped at 30 days per employee donor per year and $54,000 total per employer per taxable year
- Unused employer tax credits may be carried forward for up to three years but may not be applied retroactively; employers must be registered with E-Verify to qualify
- Requires the tax commissioner to issue an annual report beginning September 1, 2024, to the Senate Finance Committee and House Ways and Means Committee detailing the number of employers claiming the credit, total employee donors, days of leave given, and total credit value
Legislative Description
Giving the Gift of Life Act; enact
Last Action
House Second Readers
3/9/2022
Committee Referrals
Ways and Means3/8/2022
Full Bill Text
No bill text available