Tax credits; authorize for contributions by certain taxpayers to certain hospitals.

Summary

The bill lets corporations, LLCs, partnerships and sole proprietors claim income, insurance‑premium and ad valorem tax credits for voluntary cash gifts to certain small acute‑care or rural emergency hospitals. Credits are limited to 50% of the taxpayer’s liability and to $100,000 per hospital and $1 million statewide each year, and unused credits can be carried forward five years. Hospitals must meet specific size and consulting‑firm requirements and certify eligibility to the Department of Finance.

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