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Committee hears expansion to Fostering Success Act; sponsors seek higher tax-credit cap, broader eligibility
Summary
HB136 would expand Georgia’s Fostering Success Act tax-credit program: increase the annual cap from $20 million to $30 million, allow participation by entities that pay premium taxes, extend eligibility to age 25, and tighten administrative guardrails; witnesses described growing enrollment and asked for more funding and outreach.
House Human Services/Youth (committee hearing) — The committee heard House Bill 136, a revision to Georgia’s Fostering Success Act tax-credit program intended to extend assistance to youth aging out of foster care and expand the types of taxpayers who can use the credit.
Dr. Newton, a sponsor, said the bill would expand the program in several ways: increase the annual cap on tax credits from $20 million to $30 million, allow insurance companies that pay premium taxes to use the credit mechanism, extend eligibility to former foster youth up to age 25 and clarify allowable services, and set administrative…
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