Tuition Tax Credit Goes to Georgia Supreme Court
Posted January 26, 2017 12:00 AM by Jimmy Stokes 2 comments
Ty Tagami of the AJC reports that the a long-simmering lawsuit against the state’s tax credit scholarship program got a hearing in the Georgia Supreme Court on Monday. Under current law citizens may claim tax credit, not tax deduction, for contributions made to private school scholarship funds. There is a $1,000 limitation for individuals and $2,500 for a married couple with an overall limitation of $58 million meaning that folks literally stand in line to get their contributions into the scholarship accounts. This year the $58 Million limit was reached five minutes after the window for contributions opened. It is very attractive because it is a tax credit—it comes directly off the taxes owed, and there are no state strings attached to the money. The scholarship tax credit is a bitter pill to swallow for public school advocates and each year in the legislature there is a bill to increase the $58 Million cap. The lawsuit argues for a violation of church and state when the scholarship money goes to faith based schools.
Reader Comments2 comments
From: professional writing companies, 02/28/18 03:19 PM
This is very sad indeed. I hate to hear about corrupt practices. That fund should have been used for greater good for the majority. I don't understand how some people can be so greedy. Why are we all like this? It's really frustrating. Why can't we all just be contented with what we have and not try to steal from the public. I am sure these people have all the resources to do good but they still choose to be corrupt.
education tax credit
From: j fontana, 03/04/17 05:18 AM
This is a nefarious means of stealing money from public schools. This type of back door money grab can only further unhinge our public schools!