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Georgia HEART Rural Hospital Tax Credit Program – Your HEART is in the Right Place!

Our state is the only one in the nation that offers a 100% state income tax credit in exchange for your contribution to eligible rural hospitals, including Phoebe Worth and Phoebe Sumter Medical Center. In other words, the state of Georgia is allowing you to ‘spend’ some of the taxes you must pay anyway to improve our hospital’s financial condition and patient offerings.

Notably, effective in 2022, there is a brand-new benefit for pass-through businesses, allowing a SALT (state & local income tax) limit workaround, coupled with a more generous HEART tax credit opportunity during the first six months of the year, per Georgia HB 149.

Pass-through businesses may elect to pay state income tax at the entity level and may contribute to eligible rural hospitals through the HEART program at the same generous limits as C corporations (effective in 2022).

How much can I contribute for a tax credit?

If you pay Georgia income taxes, you are eligible to receive a 100% state income tax credit for contributing to Phoebe Worth Medical Center or Phoebe Sumter Medical Center.

If you pay Georgia income taxes, you are eligible to receive a 100% state income tax credit for contributing to Phoebe Worth or Phoebe Sumter Medical Center, as follows (January through June):

  • Individual Filer – up to $5,000
  • Married Filing Jointly – up to $10,000
  • C Corporation, Trust, or Pass-Through Entity electing to pay tax at entity level – up to 75% of Georgia Tax Liability
  • Individual Owner of S-Corp, LLC, or Partnership (Pass-Through Entity) NOT paying tax at entity level – up to $10,000

How do I sign up to contribute?

Follow these easy steps to sign up to contribute for your 100% tax credit: · Complete and submit your 2022 HEART Tax Credit Form at www.georgiaheart.org (takes just 20 seconds!)

  • Georgia HEART will submit your tax credit pre-approval form on your behalf to the Georgia Department of Revenue (DOR) in the order in which it is received
  • Within 180 days of receiving DOR tax credit pre-approval, send a check made payable to Phoebe Worth Medical Center or Phoebe Sumter Medical Center to Georgia HEART for deposit to the hospital’s account
  • Georgia HEART will report your contribution to the DOR on your behalf and will send you a tax receipt
  • You will claim the credit when you file your 2022 Georgia income tax return

The entire $60 million cap on the HEART rural hospital tax credit program could be met very early in 2022. Secure your credit today by submitting your 2022 HEART tax credit pre-application at www.georgiaheart.org!

For more information about the Georgia HEART rural hospital organization tax credit program, visit www.georgiaheart.org or contact Georgia HEART at heart@georgiaheart.org.


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