ALBANY/ATLANTA, August 22, 2018 – As part of Georgia’s new Rural Hospital Tax Credit Program, Draffin & Tucker, LLP contributed $133,000 to eligible rural hospitals in the state. In May 2018, the tax credit percentage for contributions increased from 90 percent to 100 percent. With that enhanced value of each donation to the taxpayer, the 2018 contributions met the statewide limit and provided significant support to rural Georgia health care.
“Given our long-time support of rural health care and our large client base across many rural Georgia communities, we chose to support hospitals throughout the state of Georgia,” said Managing Partner Jeff Wright. “We hope that our contribution helps these hospitals continue to provide the vital support and services these rural communities need.”
Information provided on the tax credit said that for many years, due to demographic, economic, and health care industry challenges, Georgia’s rural hospitals have been facing a financial crisis. This crisis jeopardizes the access of rural Georgians to adequate health care. From 2018 through 2021, Georgia taxpayers can access $60 million of rural hospital organization 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).
While the tax credit program may not be the complete answer to supporting the necessary providers throughout Georgia, Draffin & Tucker feels strongly in supporting the funding and continuing participation in industry discussions to find even better solutions for the future.
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 or https://www.georgiaheart.org/.)
ABOUT DRAFFIN & TUCKER
Draffin & Tucker, LLP is a regional full-service accounting firm widely recognized as a leader in the healthcare industry, with an additional focus in the construction, manufacturing, real estate and governmental industries. Celebrating more than 70 years of quality client service, the firm provides auditing, income tax and consulting services to clients across multiple states, primarily the Southeast. Draffin & Tucker, LLP is an 80-member team dedicated to meeting client needs, with office locations in Albany, Ga., and Atlanta, Ga. More information is available at www.draffin-tucker.com.