The Governor signed House Bill 769 on May 2, 2018.  This bill is effective on July 1, 2018 and makes changes to the Qualified Rural Hospital Organization Expense Tax Credit.  Along with other changes, this bill changes the amount of the credit from 90% of the donation to 100% of the donation.  On July 1, 2018 and provided the relevant caps have not been reached, any individual donor that made or makes a donation from January 1, 2018 until June 30, 2018 will be allowed 100% of the donation that was used to arrive at the amount of credit allowed during that period (up to $11,111 for a married filing joint taxpayer and $5,556 for all other individual taxpayers).  Also corporations will be allowed the 100% credit as well, subject to the 75% of actual tax liability limit.  The Department is working on system changes and will notify each donor accordingly provided the relevant caps are not met.  Also, on Sunday July 1, 2018 taxpayers will be able to request contributions using the new limits provided in House Bill 769.

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