BCH Georgia Income Tax Credit Deadline November 1
The deadline for Georgia taxpayers to donate to rural hospitals and take advantage of a rare state tax credit is quickly approaching.
The Rural Hospital Tax Credit Bill, also known as State Bill 258, was adopted to encourage Georgians to contribute and help support the growing needs of rural and critical access hospitals like Archbold’s Brooks County Hospital (BCH) in Quitman. In order to benefit from the program in 2018, tax credit pre-approval forms must be submitted to Georgia HEART on or before November 1, 2017.
BCH is eligible to earn up to $4 million in state credits through this program. And donations will be designated to help specifically fund healthcare-related expenses at BCH.
“We want our community to know that regardless the amount, their contributions will make a difference,” said Nancy Williams, interim administrator of BCH. “The money will be used to help offset expenses of capital projects, and to help purchase new technology that we need to provide our patients the very best care possible. Donations will also be used to help recruit new physicians and providers to our area, to ensure our patients continue to have access to the care they need.”
“Electing to participate in the Georgia rural hospital tax credit program not only allows donors to decide where their tax dollars are directed, but also rebates 90% of those taxes back to them in the form of a credit,” said Vann Middleton, president of the Archbold Foundation. “The maximum credit available to individual tax payers is $5,000, and $10,000 for those filing jointly. Taxpayers also get a Federal charitable tax deduction for the amount above and beyond the 90% credit. Those taxpayers who take advantage of the maximum $10,000 tax credit will effectively only be paying $633 out of pocket for a gift that will impact Brooks County Hospital by over 17 times that amount. Tax credit programs are very rare, so this is a fantastic opportunity for residents to help support Brooks County Hospital and make a difference in healthcare locally.”
Tax credit preapproval forms must be submitted to Georgia HEART on or before November 1, 2017. For more information on the Georgia rural hospital tax credit program, visit www.georgiaheart.org.