Financial News

Georgia K-12 Education Tax Credit Program Expanded to $120 Million

AAA Scholarship Foundation applauds the Georgia General Assembly for expanding school choice for low-income students

ATLANTA - April 5, 2022 - (Newswire.com)

On behalf of the many families and students it serves, AAA Scholarship Foundation today offers sincere thanks to Governor Brian Kemp, Lieutenant Governor Geoff Duncan and Speaker David Ralston on the passage yesterday of HB 517, a bill that will increase the Georgia K-12 education tax credit program to $120 million from $100 million. The legislation would also make permanent an increase to the program that was set to expire soon and expand the types of entities that can contribute to these important educational scholarships.

HB 517 will allow the AAA Scholarship Foundation to serve more families through critical needs-based scholarships and help these students accomplish their educational goals with greater success. "I am deeply grateful for the work that Governor Kemp and the Georgia General Assembly have done by continuing to invest in student excellence and to give families educational options. We are especially grateful for the efforts of Representative John Carson and Senator Chuck Payne who sponsored the legislation and helped it to receive final passage," said Kim Dyson, President of AAA Scholarship Foundation.

"I am very proud of my fellow lawmakers in approving an increase in Georgia's tax credit scholarship program. Under HB 517, more families will be able to choose the school that best meets their child's needs, Georgia taxpayers will be able to contribute more per family, and the state will have increased transparency, disclosure and cost savings. Truly a win for everyone, especially Georgia's kids in need of educational opportunities," said bill sponsor Rep. John Carson.

HB 517 has been transferred to the Office of Governor Brian Kemp and is awaiting signature. For more information on AAA Scholarship Foundation, please visit https://www.aaascholarships.org/.  




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Original Source: Georgia K-12 Education Tax Credit Program Expanded to $120 Million
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