EDUCATION Elementary and Secondary Education: Amend Title 20 and 48 of the Official Code of Georgia Annotated Relating, Respectively to Education and Revenue Taxation, so as to Provide for a Program of Educational Improvement; Provide for Student Scholarship Organizations; Provide for an Income Tax Credit with Respect to Qualified Education Expenses; Provide for an Income Tax Exclusion with Respect to Certain Scholarship Amounts; Provide for Powers, Duties, and Authority of the State Revenue Commissioner with Respect to the Foregoing; Provide for Related Matters; Provide an Effective Date; Provide for Applicability; Repeal Conflicting Laws; and for Other Purposes

Authors

Georgia State University Law Review

Document Type

Peach Sheet

Abstract

The stated goal of the Act is educational improvement. The Act allows taxpayers to claim tax credits for donations to charitable student scholarship organizations that provide tuition for current public school students who wish to attend private schools. The Act creates a system by which citizens and corporations can donate to charitable organizations which meet certain specific criteria as defined in the Act. Taxpayers and corporations are then allowed to claim a tax credit up to a specified limit. The Act allows tax credits to be claimed on a first-come, first-served basis up to the total tax credit limit.

Recommended Citation

Georgia State University Law Review, EDUCATION Elementary and Secondary Education: Amend Title 20 and 48 of the Official Code of Georgia Annotated Relating, Respectively to Education and Revenue Taxation, so as to Provide for a Program of Educational Improvement; Provide for Student Scholarship Organizations; Provide for an Income Tax Credit with Respect to Qualified Education Expenses; Provide for an Income Tax Exclusion with Respect to Certain Scholarship Amounts; Provide for Powers, Duties, and Authority of the State Revenue Commissioner with Respect to the Foregoing; Provide for Related Matters; Provide an Effective Date; Provide for Applicability; Repeal Conflicting Laws; and for Other Purposes, 25 Ga. St. U. L. Rev. (2012).
Available at: https://readingroom.law.gsu.edu/gsulr/vol25/iss1/7