Georgia’s Education Expense Credit law – since 2008

GA HB 1133 (2008) – Georgia’s QEE (tuition tax credit) law was passed in original form

  • Georgia lawmakers passed one of the most free-market tuition tax credit laws in U.S.
  • Available credits set at $50 million per year
  • Student eligibility required only current enrollment in Georgia public school
  • Minimal reporting requirements for SSOs; DOR not allowed to make data public
  • SSOs must obligate at least 90% of contributions for scholarships
     

GA HB 325 (2011)

- Amended the QEE Tax Credit law to:

  • Include a CPI escalator on the annual cap (with sunset in 2018)
  • Clarify student eligibility
  • Require greater transparency and accountability for SSOs
  • Impose first-ever maximum annual award limit for individual students

GA HB 283 (2013 - pp. 28-35)

- Amended the QEE Tax Credit law to:

  • Raise the annual cap to $58 million
  • Require six week public school attendance for eligibility (grade 2 and above)
  • Reduce the admin fees which may be charged by SSOs (5% to 10% scale)
  • Require SSOs to award scholarships to specific students within one year
  • Require SSOs to consider financial needs of students based on all sources
  • Prohibit SSO from awarding scholarships to any individual designated by donor
  • Prohibit SSO from promising scholarship in exchange for contribution
  • Allow a tax credit for up to $10,000 for individuals with ownership in pass through