SCH eligible for Georgia Rural Hospital Tax Credit

Editor’s note: On Wednesday, June 6, WNEG News erroneously reported that Georgia Heart was associated with the Stephens County Hospital; however, that is incorrect.

Stephens County Hospital is entirely separate and in no way affiliated with Georgia Heart.

Georgia taxpayers can now receive 100 percent state tax credit when they contribute to designated rural hospitals, including Stephens County Hospital through the expanded Georgia Rural Hospital Tax Credit Program.

Taxpayers will receive 100 percent credit on their state taxes for contributions of up to $5,000 for individuals and $10,000 for married couples.

C Corporations or Trust can also receive credit for 100 percent of the amount contributed, up to $10,000 or 75 percent of the corporation or trust’s income tax liability, so long as they would have paid Georgia income tax in that amount on their share of taxable income.

Time is of the essence for taxpayers who wish to contribute.

Due to the popularity of the increased 100 percent credit value, the program is expected to reach the legal maximum of $60 million on or around July 1.

Because this is a tax credit, the contribution is applied directly against the amount the taxpayer owes in state taxes.

So, if a married couple gives $10,000 to a designated rural hospital, the actual amount of Georgia income tax they will owe is reduced by $10,000.

By giving to Stephens County Hospital not only will you help our local hospital, but you will also reduce your state tax liability.

The program is designed to provide vital funding for rural hospitals in Georgia, many of which are facing major financial challenges.

The law creates a pool of up to $60 million in tax credits for each year through 2021 – with each eligible hospital potentially receiving up to $4 million per year.

Giving is easy when you visit www.stephenscountyhospital.com/give , or by contacting Stephens County Hospital Foundation Director Pamela Jones.

For more information, please contact Jones at Stephens County Hospital at 706-282-4254 or via email at pjones@stephenscountyhospital.com.

Editor’s note: On Wednesday, June 6, WNEG News erroneously reported that Georgia Heart was associated with the Stephens County Hospital; however, that is incorrect.

Stephens County Hospital is entirely separate and in no way affiliated with Georgia Heart.