Rural hospital tax credit program doesn’t advance in Alabama House committee
Rep. Terri Collins’ proposal to create a dollar-for-dollar tax credit program allowing individuals and businesses to reduce their state tax liability by donating to rural hospitals stalled in a House committee on Wednesday.
As originally introduced earlier this session, Collins’ House Bill 310 would allow for credits against income tax liability and would have been capped at $80 million, Alabama Daily News previously reported. Income taxes support the Education Trust Fund.
In the House education budget committee on Wednesday morning, Collins said she had a substitute bill that would cap the fiscal impact to the state to $20 million the first year and expand the taxes businesses and individuals could apply their credits to, including utility and excise taxes. Revenue from those go into the state’s General Fund.