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Committee raises scholarship tax-credit cap, narrows rollover and timing rules
Summary
The Ways and Means Committee approved changes to a scholarship tax-credit program that raise the annual cap, tighten rollover rules, modify insurer participation and (after an amendment) keep the shorter funding deadline.
The Georgia House Ways and Means Committee on a voice vote approved revisions to a scholarship tax-credit program that raise the annual cap and change how unused subscriptions and insurer participation are handled.
The bill increases the program cap from $120 million to $140 million, narrows corporate rollover of the credits, clarifies insurer participation formulas and modifies the timeframe for funding subscriptions. Representative Carpenter, speaking for…
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