Document Type

Peach Sheet


The Act known as the "Georgia Higher Education Savings Plan Act," creates the Georgia Higher Education Savings Plan which operates by way of a program of Trust Agreements and Savings Trust Accounts. The Act provides for a board of directors of the Plan and its membership, powers, duties, and administration. Further, the Act provides for a two thousand dollar tax exemption for qualified contributors to the Plan, amends tax provisions relating to the computation of taxable net income, and provides for tax treatment for withdrawals from the Plan. The Act provides for annual account statements to each account contributor. The Act provides that the assets in the Plan shall not be considered as assets of the parent, guardian, or student for purposes of determining eligibility for certain financial aid. The Act also provides for the confidentiality of certain records pertaining to the Plan.

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