Rural Hospital Investment Program established, tax credits for donations to rural hospitals authorized

SB 105 establishes Alabama's Rural Hospital Investment Program, creating state tax credits for individuals and businesses that donate to eligible rural hospitals. These tax credits (for income, excise, premium, and utility taxes) allow donors to offset their state tax liability, with funds directed to hospitals for acute care services, facility maintenance, and operational costs. To qualify, hospitals must be rural general acute care, critical access, or rural emergency facilities serving Medicare/Medicaid patients and located in federally defined rural areas. The program is managed by a new board within the State Treasurer’s office, which verifies hospital eligibility and coordinates with the Department of Revenue.