HB 1041
Income tax; tax credits for contributions to rural hospital organizations; increase aggregate limit
Raised the statewide cap for rural hospital contribution credits, a targeted credit with a stronger public-interest rationale than most items in this tracker.
Why a local resident might care
This is included so residents can see the difference between a classic business giveaway and a targeted credit with a stronger public-service argument.
Bill → beneficiary → local effect
What the bill did
Increased the aggregate statewide cap for tax credits tied to contributions to rural hospital organizations.
Who benefits
Rural hospital organizations and donors claiming the credit.
Estimated public cost
Mixed/public-interest credit. Later program materials show the statewide annual cap eventually reached $100 million; the public sources reviewed did not clearly isolate the exact fiscal effect of this 2022 increase alone.
A public estimate exists or the broader program has a documented statewide cost.
Confidence and evidenceTap to expand
Medium confidence. Real fit for the tracker, but more technical, narrower, or more dependent on context.
This item stays in the tracker for context, but it has a stronger public-interest rationale than the clearest business-benefit items.
Related questions
Sources