SPONSOR: Amato
Beginning January 1, 2026, this bill authorizes a nonrefundable tax credit for local hospital foundation donations. A qualified taxpayer may claim a tax credit in an amount equal to fifty percent of the value of his or her donations made to a local hospital foundation, an organization that provides financial relief for unpaid hospital bills for services provided at not-for-profit hospitals. The amount of the credit claimed must not exceed $2,500 per taxpayer. The cumulative amount of tax credits allowed to all taxpayers cannot exceed $2 million per tax year.
This program sunsets December 31, 2031.
This bill is the same as HB 1731 (2024) and similar to HCS HB 654 (2023).
Statutes affected: