Troy Regional was placed on the final list of eligible hospitals by the Rural Hospital Investment Program Board at its meeting on Dec. 1.
The Alabama Legislature created the Rural Hospital Investment Program, a new initiative that gives individuals, families and businesses the opportunity to directly support rural hospitals like Troy Regional. In return, donors receive a dollar-for-dollar credit on their Alabama state taxes.
“Through contributions in this program, you are supporting local healthcare for you and your family,” said Rick Smith, Troy Regional CEO. “Healthcare close to home is not just a saying for us, it’s who we are. We are neighbors caring for neighbors.”
“These donations help strengthen the local community,” Smith explained. “Local hospitals provide 24/7 care, create local jobs and provide meaningful connections in the community.”
“Contributions made through this program will help ensure that Troy Regional remains strong and ready to serve, today and for generations to come,” said Smith.
Here is how the program works:
- The Rural Hospital Investment Program begins January 1, 2026.
- Contributions must be reserved and verified through the Alabama Department of Revenue’s (ADOR) My Alabama Taxes system. (The procedures for reserving and claiming the credit will be posted on the ADOR website in December 2025.)
- Donors receive a state tax credit equal to the amount of their contribution, up to the following annual limits:
• Individuals: up to $15,000
• Married couples filing jointly: up to $30,000
• LLCs, S corporations, and partnerships: up to $450,000
• Corporations: up to $500,000
Once a credit reservation is made, donors have 30 days to complete their contribution. The hospital then verifies the donation through the ADOR system to finalize the tax credit.
For more information on how to participate, contact Troy Regional at 334-670-5000 or visit the Alabama Department of Revenue’s website: https://www.revenue.alabama.gov/tax-incentives/rural-hospital-investment-tax-credit/.
HEALTHCARE CLOSE TO HOME!