AR
Arkansas House Bill HB1421

Arkansas 2023 Regular Session

Arkansas House Bill HB1421

Introduced
2/14/23  
Refer
2/14/23  

Caption

To Create An Income Tax Credit For Contributions To Certain Rural Hospital Organizations; And To Create The Helping Enhance Access To Rural Treatment (heart) Act.

Impact

The bill introduces a structured credit system wherein individuals and corporations can receive tax credits for their contributions to rural hospital organizations. Specifically, the total amount of credits allowed under this provision will not exceed $75 million in a taxable year, with delineated limits on contributions to individual rural hospitals. This structured financial mechanism not only aims to bolster the fiscal health of rural hospitals but also positions the state to play a proactive role in maintaining healthcare accessibility for lower-income populations through targeted funding.

Summary

House Bill 1421, known as the Helping Enhance Access to Rural Treatment (HEART) Act, aims to establish an income tax credit for taxpayers who contribute to certain rural hospital organizations. This legislation primarily targets philanthropic contributions to rural hospitals, which often face significant financial constraints. By offering a tax incentive, the bill encourages individual and corporate donations that can directly support healthcare services in rural areas, ultimately aiming to enhance access to quality medical care in underserved regions.

Contention

While the bill is well-received by proponents who view it as a necessary measure to support rural healthcare, there are concerns about the long-term sustainability of such funding mechanisms. Critics argue that reliance on voluntary donations may not equate to stable funding patterns for essential healthcare services. Furthermore, there may be apprehensions regarding the effectiveness of tax credits as a substitute for direct state healthcare investments, raising questions about potential inequities in healthcare service provision between urban and rural areas.

Companion Bills

No companion bills found.

Previously Filed As

AR SB80

To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.

AR HB1097

To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.

AR SB51

An Act For The University Of Arkansas For Medical Sciences Appropriation For The 2024-2025 Fiscal Year.

AR HCR1002

To Recognize The Arkansas Committee Of The National Museum Of Women In The Arts For Thirty-five Years Of Creative Contributions To The Citizens Of Arkansas And Continuous Support Of Women Artists In Arkansas.

AR HR1004

To Recognize The Arkansas Committee Of The National Museum Of Women In The Arts For Thirty-five Years Of Creative Contributions To The Citizens Of Arkansas And Continuous Support Of Women Artists In Arkansas.

AR SR23

To Recognize The Arkansas Committee Of The National Museum Of Women In The Arts For Thirty-five Years Of Creative Contributions To The Citizens Of Arkansas And Continuous Support Of Women Artists In Arkansas.

AR SR2

To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.

AR HR1011

To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.

AR SR1

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.

AR HR1010

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.

Similar Bills

AR HB1674

To Create An Income Tax Credit For Contributions To Certain Rural Hospital Organizations; And To Create The Helping Enhance Access To Rural Treatment (heart) Act.

GA HB101

Income tax; change certain definitions

MI HB4504

Individual income tax: credit; state historic preservation tax credit program; modify. Amends sec. 266a of 1967 PA 281 (MCL 206.266a). TIE BAR WITH: HB 4503'25

MI HB5430

Individual income tax: credit; state historic preservation tax credit program; modify. Amends secs. 266a & 676 of 1967 PA 281 (MCL 206.266a & 206.676).

MI HB4503

Corporate income tax: credits; state historic preservation tax credit program; modify. Amends sec. 676 of 1967 PA 281 (MCL 206.676). TIE BAR WITH: HB 4504'25

GA HB363

Health; eligibility to receive tax credits; revise a definition; provisions

GA HB330

Income tax; credits for contributions to law enforcement foundations; revise provisions

GA HB503

Income tax; certain contributions by taxpayers to certain local firefighter foundations; provide tax credit