Georgia’s rural hospitals tax credit program is continuing to prove popular with Georgians who want to help financially struggling hospitals across the state in return for a tax break.
Taxpayers contributed $74.3 million to eligible rural hospitals last year, nearly reaching the $75 million statewide cap on the program, the Georgia Department of Audits and Accounts reported Monday. Thirty-four of the 54 eligible hospitals received more than $1 million each, while 11 took in less than $500,000.
The General Assembly launched the tax credit program in 2017, allowing taxpayers to reduce their state income tax liability by the amounts they donate. The money goes to hospitals in counties with populations of 50,000 or fewer.
