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AJC.com > Legislature > Blog > Archives > 2007 > February > 12 > Entry
DEL.ICIO.USBill to offer tax credit for scholarship donations
The Atlanta Journal-Constitution
A state lawmaker says he will propose legislation granting state income tax credits for scholarships targeting poor or disabled students who want to attend private schools.
Under state Rep. Earl Ehrhart’s (R-Powder Springs) plan, individuals and businesses would fund the scholarships through donations to nonprofit organizations.
Those donations — which would be exempt from state income taxes — could also be turned into grants for a variety of public school programs, including pre-kindergarten, foreign language classes and music lessons.
Ehrhart said he wants to set a $50 million annual cap on the cost of the tax credit program. He said he intends to introduce the bill today or tomorrow.
“The key is this is not money coming out of the state treasury,” said Ehrhart, chairman of the powerful House Rules Committee. “It is a tax credit. It is a huge incentive for corporations. If you do it, you will also get a federal income tax credit.”
Ehrhart plans to announce his proposal at a news conference this afternoon.
Permalink | | Categories: Taxes
