Tax Credit Program
HB 1133 Georgia Tax Credit Program
"Under the Georgia Private School Tax Credit bill, Georgia taxpayers are now eligible to receive a dollar-for-dollar state tax credit in exchange for their contribution to a state-approved Student Scholarship Organization, or SSO. This allows taxpayers to divert a portion of their state tax payment for 2010 to Academe at no cost. This fund provides scholarships for students transferring from public schools. In addition to a state tax credit, the contribution can be utilized as a charitable contribution deduction on the federal return.
After careful research, we have opted to partner with the Apogee Georgia School Choice Scholarship Fund, a Georgia 501(c)3 Student Scholarship Organization, which will administer the program on our behalf. Maximum contributions are $2,500 for married taxpayers filing jointly, and $1,000 for individuals. C-Corporations can contribute up to 75% of their corporate tax liability and receive that amount as a dollar-for-dollar credit on Georgia taxes.
We would like to greatly expand our support of this program and make it the success we know it can be. This program can be used by any individuals or corporations paying GA state taxes, so you can also help by providing this information to others who might be interested in diverting some of their tax payments to Academe.
Please review the above information and consider helping us in this exciting effort. If you have any questions about this program, please do not hesitate to contact Brad Jones, our Board Treasurer, at 404-865-1730, or brad@borntoadd.com.
Thank you for your continued commitment to Academe of the Oaks."
