Draffin & Tucker, LLP Contributes $124,000 to Georgia Rural Hospitals Through State’s New Tax Credit Program

As part of Georgia’s new Rural Hospital Tax Credit Program, Draffin & Tucker, LLP is pleased to announce they will be contributing $124,000 through this program to all eligible rural hospitals in the state. This contribution will be equally divided between all 49 eligible hospitals.

“Draffin & Tucker, LLP is proud to serve rural healthcare providers throughout the state of Georgia and we believe this program is very important in those facilities continuing to provide healthcare that is needed for rural citizens,” said Jeff Wright, firm managing partner.

With Medicare cuts, reduced reimbursements, more uninsured patients and increased bad debt, coupled with increased costs and staffing shortages, the changing landscape of healthcare has been financially difficult for rural hospitals in Georgia, with five having closed in recent years.

Senate Bill 180, enacted earlier this year, seeks to encourage private contributions to rural hospitals through a tax credit program. If they can maximize this opportunity, the rural hospital community in Georgia stands to generate total contributions of $200 million over the next three years.

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 participating in industry discussions of continued solutions for the future.

To find out more about the tax credit program, eligible hospitals and how you can get involved, we invite you to visit https://dch.georgia.gov/rural-hospital-tax-credit.

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 65 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 a 75-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.

2017-08-18T19:20:40+00:00 August 14th, 2017|Firm News, Tax News|