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SB 0180 - Increase Limits for Tax Credits for Donations to Qualifying Rural Hospitals
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Tracking Level: Support
Sponsor: Dean Burke (R)
Last Action: 5/8/2017 - Senate Date Signed by Governor
Senate Committee: Finance
House Committee: Ways & Means
Assigned To:
Hospital AuthorityNext Bill
Indigent Health CareNext Bill
Open Records/Meetings ActNext Bill

Staff Analysis of the Legislation

This legislation increases the maximum tax credits for donations to qualifying rural hospitals.  Single head of household increases to 90% of amount expended or $5,000 whichever is greater; married couples increases to 90% of amount expended or $10,000 whichever is greater; corporations limits are 90% of amount expended or no more than 75% of tax debt.  The amount available for the tax credits increased from $50 million to $60 million for FY 17, FY 18 and FY 19.  The amount a qualifying hospital can receive per year is capped at $4 million for total donations.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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