On Monday, the Georgia General Assembly passed House Bill 517, which increases the cap on our state’s Tax Credit Scholarship Program from $100 million to $120 million per year. HB517 also doubles the amount individuals, LLCs, and S Corporations may contribute and removes the automatic sunset of the program.

The Georgia Center for Opportunity’s (GCO) take: “The real beneficiaries of this legislation are the thousands of Georgia kids who will benefit from expanded access to a great education,” said Buzz Brockway, vice president of GCO. “We commend lawmakers for taking these important steps forward to strengthen the tax-credit program. At the same time, we’re disappointed the Senate retreated from raising the cap to $200 million as passed by the House. The new $20 million increase is a marginal gain and appreciated, but the program needs dramatically increased capacity. Our hope is that lawmakers will raise the cap even further in the next legislative session.”