Under the Georgia Tax Credit Scholarship Program, any company or individual that pays Georgia income tax may receive a dollar-for-dollar tax credit for approved donations to Arete Scholars. Maximum annual credit amounts by filing type:
C-corporations - 75% of GA income tax liability
S-corporations, LLCs, Partnerships - $10,000
Joint filers - $2,500
Individual filers - $1,000
The current Georgia income tax rate is 5.75%.
To submit a 2021 Georgia tax credit application, please complete the form below, and Arete will file your request with the Georgia Department of Revenue (DOR). Tax credit requests will be accepted until the annual program cap is met.
The DOR generally evaluates and approves/denies requests within 15 days, and by law, donors have 60 days from the approval date to make a donation and earn the tax credit.