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Committee hears expansion of Fostering Success tax credit to age 25 and higher annual cap
Summary
House Bill 136 would expand Georgia’s Fostering Success tax-credit program to cover former foster youth up to age 25, raise the annual credit cap from $20 million to $30 million, and allow insurers to use premium-tax liability to claim credits, the committee heard.
House Bill 136 was presented by Dr. Newton as a series of amendments to the existing Fostering Success tax-credit program to support youth aging out of foster care. The sponsor described several changes: expanding eligibility up to age 25, increasing the annual cap on tax credits from $20 million to $30 million, allowing insurance companies to use premium-tax liability to claim credits, and formalizing a cap on administrative costs so that at least 80% of funds flow to direct services.
Dr. Newton said the bill reflects…
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