Under the Georgia Tax Credit Scholarship Program, any company or individual that pays Georgia income tax is eligible to receive a dollar-for-dollar tax credit for approved donations to Arete Scholars. A C-corporation may redirect up to 75% of its entire Georgia income tax liability. Individual owners of S-corporations, LLCs, and partnerships may redirect up to $25,000 annually in exchange for a 100% tax credit.
Note: The cap for Georgia tax credit donations has been reached for 2023. Arete Scholars supports Georgia House Bill 54, which will raise the cap to $200 million in 2024 to ensure more underserved children have access to the schools that best serve their needs. Learn more about House Bill 54