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Committee hears proposal to expand Fostering Success tax credit: cap increase, age extension and guardrails eyed
Summary
House Bill 136 would expand the Fostering Success tax credit program: increase the annual cap from $20 million to $30 million, extend eligible age to 25, allow certain insurers to use premium-tax obligations, and add an 80/20 program-spending guardrail. Supporters described early program uptake; no vote was taken.
A House subcommittee heard House Bill 136, a bill that would expand Georgia’s Fostering Success tax credit program for youth aging out of foster care. The bill’s presenter described several substantive changes: raising the annual cap on credits from $20,000,000 to $30,000,000, extending eligibility so qualified organizations can support former foster youth up to age 25, and allowing certain business enterprises (including insurers that pay premium taxes rather than corporate…
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