Plain English Breakdown
The official summary mentions providing for an effective date and applicability but does not list the specific dates in the provided text.
Georgia Participation in Federal Tax Credit Program for Scholarship Contributions
This bill allows the state of Georgia to join a federal program that offers tax credits to individuals who donate money to organizations providing student scholarships.
What This Bill Does
- Allows the State of Georgia to participate in the federal tax credit program for contributions by individuals to scholarship-granting organizations.
- Amends laws regarding student scholarship organizations and state tax credits related to these donations.
- Prohibits state agencies from creating rules or regulations about this specific program.
- Makes necessary changes to other parts of the law to match these new provisions.
Who It Names or Affects
- Individuals who donate money to scholarship-granting organizations
- Student scholarship organizations in Georgia
Limits and Unknowns
- The provided text does not state the specific dollar amounts or limits of the tax credits.
- Details on how individuals apply for these credits are not included in the summary.
- The exact effective date is mentioned as a provision but not specified in the available text.