Receive a state tax credit while supporting the mission of our hospitals
- Your donation also qualifies as a federal tax-deductible contribution
- Sign-up to contribute by June 30 to qualify
Georgia lawmakers enacted the Georgia HEART rural hospital organization expense tax credit program to encourage taxpayers throughout Georgia to learn more about the financial and other challenges rural hospitals face and to contribute to improve their financial condition and patient offerings. Recently, the Governor signed legislation that increases the tax credit percentage for contributions to qualified rural hospitals from 90% to 100%, making this even more attractive to individuals considering a philanthropic gift to their local rural hospital.
Taxpayers who itemize deductions on their federal income tax returns will be able to take a charitable income tax deduction for the entire amount of their contributions. By replacing their federal itemized deduction for state and local income taxes paid, which is limited to $10,000, with a 100% deductible contribution to a rural hospital, taxpayers can realize significant tax savings. You can designate your contribution to support either Tift Regional Medical Center or Cook Medical Center.
Frequently Asked Questions
What is the Georgia HEART rural hospital organization (“RHO”) expense tax credit?
- The Georgia General Assembly passed legislation that enables Georgia taxpayers receive a state income tax CREDIT for 100% of the amount they contribute to qualified rural hospital organizations (up to the limits set forth below).
- Taxpayers who itemize deductions on their federal income tax returns will be able to take a charitable income tax deduction for the entire amount of their contributions
- By replacing their federal itemized deduction for state and local income taxes paid, which is limited to $10,000, with a 100% deductible contribution to a rural hospital, taxpayers can realize significant tax savings
How much can I contribute for a tax credit?
- If you pay Georgia income taxes, you are eligible to receive a tax credit for contributing to your designated rural hospital organization from January 1 through June 30 of each taxable year, as follows:
- Individual Filer – 100% of the amount contributed, up to a limit of $5,000
- Married Filing Jointly – 100% of the amount contributed, up to a limit of $10,000
- Pass-Through Entity – 100% of the amount contributed, up to a limit of $10,000, so long as they would have paid Georgia income tax in that amount on their share of taxable income from the pass-through entity
How do I sign up to contribute before June 30?
- Complete and submit your HEART Tax Credit Form at www.georgiaheart.org
- Georgia HEART will submit your tax credit pre-approval form on your behalf to the GA DOR
- Within 60 days of receiving DOR tax credit pre-approval, send a check made payable to your designated rural hospital to Georgia HEART for deposit to the hospital’s account
- Georgia HEART will send you instructions on how to file your contribution confirmation with DOR
- You will claim the credit when you file your annual tax return
How much can I contribute for a tax credit after June 30 each year?
- After June 30 of each year, for so long as a portion of the $60 million annual cap on RHO tax credits is available, to offset their Georgia income tax liability, individual taxpayers may make unlimited contributions to RHOs for a corresponding 100% Georgia income tax credit.
- On or before May 15 of each year through June 30, individual taxpayers will be able to ‘make a HEART Appointment’ on the Georgia HEART website to authorize Georgia HEART to submit their post-June 30 tax credit pre-approval forms to the DOR.
Are Corporations able to participate?
- A “C” Corporation or trust shall be allowed a 100% Georgia income tax credit for contributions to RHOs equal to the amount of the contribution, or 75 percent of the corporation or trust’s income tax liability, whichever is less.
What are the limits on the tax credits available under the Georgia HEART program?
- From 2018 through 2021, Georgia taxpayers can access $60 million of RHO tax credits each year, with each qualified rural hospital having access to $4 million of tax credits (until the total annual $60 million cap is met). During the first six months of each year, a qualified RHO may only accept $2 million of corporate contributions and $2 million of individual contributions.
For information about the rural hospital organization expense tax credit, please visit the Georgia HEART website at www.georgiaheart.org or contact Georgia HEART staff at Georgia Hospital Heart Program.