Georgia Heart Hospital Program
Participation in the Georgia HEART program is restricted to qualified Georgia rural hospitals, with criteria including county population size (50,000 or less, excluding military personnel); tax-exempt status or public hospital authority management; acceptance of Medicare and Medicaid; and minimum annual provision of indigent or uncompensated care, along with other parameters including demonstrating need, sustainability and the utilization of the donation.
From 2018 through 2021, Georgia taxpayers can access $60 million of Rural Hospital Organization (RHO) tax credits each year,with each qualified RHO having access to $4 million of tax credits, until the total annual $60 million cap is met. Individuals, married couples, an individual who is a member of an LLC, shareholder of an “S” corp, or partner in a partnership (pass-through entities) can participate, as well as “C” corporations:
- 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
- C Corporation or Trust – 100% of the amount contributed or 75% of the corporation or trust’s Georgia income tax liability, whichever is less