SB 817 - For all tax years beginning on or after January 1, 2026, this act authorizes a taxpayer to claim a tax credit in an amount equal to fifty percent of a donation made to a local hospital foundation, as defined in the act, provided that no taxpayer shall claim a tax credit in excess of $2,500 in any tax year. The total amount of tax credits claimed by all taxpayers in a given year shall not exceed $2 million. Tax credits authorized by the act shall not be refundable or transferrable, but may be carried forward for three tax years.
This act shall sunset on December 31, 2031, unless reauthorized by the General Assembly.
This act is identical to HB 364 (2025).
JOSH NORBERG