08 LC 18
7129
House
Bill 1229
By:
Representatives Channell of the
116th,
Parrish of the
156th,
Stephens of the
164th,
Lunsford of the
110th,
and Cooper of the
41st
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia
Annotated, relating to the imposition, rate, and computation of income tax, so
as to provide for an income tax credit with respect to a physician who provides
uncompensated medical services through a free health clinic; to provide for
conditions and limitations; to provide for powers, duties, and authority of the
state revenue commissioner with respect to the foregoing; to provide an
effective date; to provide for applicability; to repeal conflicting laws; and
for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating
to the imposition, rate, and computation of income tax, is amended by adding a
new Code section to read as follows:
"48-7-29.13.
(a)
As used in this Code section, the term 'free health clinic' means a health
clinic organized as a bona fide 501(c)(3) tax exempt organization which provides
free medical care for indigent or uninsured persons.
(b)
A taxpayer who is a physician who provides uncompensated medical services
through a free health clinic shall be allowed a credit against the tax imposed
by Code Section 48-7-20. The amount of such credit shall be $25.00 per hour of
time in providing such services.
(c)
In no event shall the total amount of the tax credit under this Code section for
a taxable year exceed the taxpayer´s income tax liability. Any unused tax
credit shall be allowed to be carried forward to apply to the taxpayer´s
succeeding years´ tax liability. No such tax credit shall be allowed the
taxpayer against prior years´ tax liability.
(d)
The commissioner shall be authorized to promulgate any rules and regulations
necessary to implement and administer this Code section."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval and shall be applicable to all taxable years
beginning on or after January 1, 2008.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.