Draffin Tucker Contributes $615,000 To Rural Hospitals Over Last Three Years Through State’s Tax Credit Program
In response to Georgia’s Rural Hospital Tax Credit Program, Draffin & Tucker, LLP has announced that with its 2020 contribution of $175,000, the firm has contributed $615,000 to eligible rural hospitals within the state over the last three years.
“As a firm that has worked with rural hospitals for over 40 years, we understand just how important these hospitals are to the rural communities they serve,” said Jeff Wright, firm managing partner. “We feel it is important to support them in any way we can – especially now with the ongoing challenges of COVID-19 – so they can continue to provide the care and services these communities so desperately need.”
House Bill 769, the updated form of SB 258, seeks to drive private contributions to rural hospitals through a tax credit program, designed to bolster the rural hospital community in Georgia by generating total contributions in excess of $300 million over a five-year term. The Rural Hospital Tax Credit Program became effective in Georgia beginning January 1, 2017. 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).
To find out more about the tax credit program, eligible hospitals and find out how you can get involved, we invite you to visit https://dch.georgia.gov/rural-hospital-tax-credit.
For any questions regarding the Rural Hospital Tax Credit Program, we invite you to reach out to Bert Bennett, partner at Draffin Tucker, at bbennett@draffin-tucker.com.
ABOUT DRAFFIN & TUCKER, LLP Draffin & Tucker, LLP is a regional CPA and advisory firm serving the Southeastern region of the U.S. since 1948. With a large healthcare practice and expanding commercial practice, Draffin Tucker builds on a disciplined, long-term view through our search for fresh ideas, new services and community-minded professionals. Draffin Tucker’s team provides auditing, income tax and consulting services to meet client needs. The firm has office locations in Albany, Ga., and Atlanta, Ga. More information is available at www.draffin-tucker.com.