HB 524

Abstract

A BILL to be entitled an Act to amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to imposition, rate, computation, and exemptions from state income taxes, so as to provide for an income tax credit for taxpayers who make donations to certain qualified organizations acting in support of public education; to provide for an annual limit for such tax credit; to require annual reporting; to provide a definition; to provide for rules and regulations; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.