time sensitive opportunity for 100% state tax …a tax credit against your state tax liability...
TRANSCRIPT
The Georgia Legislature has passed the Georgia Rural Hospital Tax Credit, creating a program allowing Georgia citizens and corporations with a state tax liability to receive a substantial tax credit for contributions made to rural hospital organizations. WellStar Sylvan Grove Hospital is one of these hospitals.
WellStar Sylvan Grove Hospital has supported the health and wellness of Butts County for over 50 years and today continues to provide emergency and specialized care 24 hours a day. Additionally, WellStar Sylvan Grove Hospital provides one of the region’s most successful extended care, skilled rehabilitation centers for those who require extra time to recover from chronic disease or major surgery. As a not-for-profit hospital, and one eligible for the Georgia Rural Hospital Tax Credit Program, we hope you will help us to expand the critical healthcare services provided to this rural community.
Georgia Rural Hospital Tax Credit Program:A tax credit against your state tax liability allowing taxpayers a 100% tax credit on contributions to qualifying hospitals• Single taxpayers: Up to $5,000/year• Married couples: Up to$10,000/year• C Corporations: The lessor of amount of contribution or 75% of their GA
income tax liability• Pass-through entities: 100% of amount contributed up to a limit of
$10,000, so long as you would have paid GA income tax in the amount on your share of taxable income from the pass through
TIME SENSITIVE OPPORTUNITY FOR 100% STATE TAX CREDIT ON CONTRIBUTIONS TO WELLSTAR SYLVAN GROVE HOSPITAL
Because of the popularity of this tax credit, we expect
that the program will reach its $60M cap soon after
registration opens on January 1, 2019. Through our
administrative partner, Georgia Heart, WellStar has the
opportunity to ‘pre-register’ our participants starting on
October 1, 2018. Since the program is first come, first
served, the WellStar Foundation is offering to help you
pre-register. If you choose to sign up now, please note
that your 2019 contribution would not need to be made
until early 2019.
Thank you in advance for your support of WellStar
Sylvan Grove Hospital. For more information, please
contact Kathleen Smith with the WellStar Foundation at
770.467.6256 or [email protected] *Consult your tax advisor for potential additional benefits
HOW CAN I PARTICIPATE? Pre-register at
wellstar.org/GAtaxcreditgiving before October 1, 2018