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GA SB330
Bill
Status
Engrossed
2/1/2022
Primary Sponsor
John Albers
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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 all or part of a liver or kidney, effective July 1, 2022
- Replaces the existing $10,000 income tax deduction for organ donation expenses with a $25,000 deduction for living donors of a liver, pancreas, kidney, intestine, lung, or bone marrow, effective January 1, 2023
- Creates a tax credit of $300 per day (or actual amount paid, whichever is less) for employers who provide paid leave to employees recovering from living organ or bone marrow donation, capped at 30 days per employee donor and $54,000 per employer per taxable year
- Requires employee donors to have worked full-time (30+ hours/week) for at least one year to qualify, and requires employers to be registered with E-Verify and doing business in Georgia
- Unused employer tax credits may be carried forward for three years, and the commissioner must issue annual reports to the Senate Finance Committee and House Ways and Means Committee on credit usage beginning September 1, 2024
Legislative Description
"Giving the Gift of Life Act"; enact
Last Action
Senate Agreed House Amend or Sub As Amended
4/4/2022
Committee Referrals
Ways and Means2/2/2022
Insurance and Labor1/12/2022
Full Bill Text
No bill text available