The Georgia General Assembly passeda bill, which increases the cap on our state’s Tax Credit Scholarship Program
On Monday, the Georgia General Assembly passedHouse 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,” saidBuzz 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.”