Tax Credit Program
HB 1133 Georgia Tax Credit Program
A new law has been passed that provides exciting possibilities for Academe and its families and friends. Under the new Georgia Private School Tax Credit, all tax payers 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 all taxpayers to divert some or all of their state tax payment for 2009 to scholarships at no cost to you. This fund benefits families in need of scholarships. In addition to a state tax credit, your contribution can be utilized as a charitable contribution deduction on your 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 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 are looking to our community to support this program and help make it the success we know it can be. This program applies to all 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 us or John Panessa, our representative at Apogee, at 404.419.7123 or via email at jpanessa@apogee360.com.
Thank you for your continued commitment to Academe of the Oaks.
