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GA HB82
Bill
Status
Passed
4/19/2024
Primary Sponsor
Mack Jackson
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AI Summary
- Limits the existing rural physician tax credit (up to $5,000 per year for up to 5 years) to physicians who qualified as rural physicians on or before May 15, 2024, and sets that credit to automatically repeal on December 31, 2029
- Creates a new tax credit of $5,000 per year for "rural health care professionals," expanding eligibility to include both physicians and dentists who practice and reside in a rural county (population under 50,000 per the 2020 census)
- Redefines "rural county" from the previous density-based standard (65 persons per square mile, 1990 census) to a population-based threshold of less than 50,000 (2020 census), excluding military personnel and dependents in counties with military installations
- Caps the aggregate amount of the new tax credits at $2 million per calendar year, allocated on a first come, first served basis; credits cannot exceed the taxpayer's income tax liability and cannot be carried forward or back
- Professionals already practicing in a rural county as of May 15, 2024, are ineligible for the new credit unless they return after practicing in a non-rural county for at least three years; the new credit sunsets December 31, 2029, and the Act is effective May 15, 2024, applicable to taxable years beginning on or after January 1, 2024
Legislative Description
Income tax; limit eligibility for rural physician tax credit to physicians who qualify on or before December 31, 2023
Last Action
Effective Date 2024-05-15
4/19/2024
Committee Referrals
Finance3/7/2023
Ways and Means1/30/2023
Full Bill Text
No bill text available