Tag Archives: GOAL

C-Corporations and Pass through corporations can contribute to the Georgia GOAL Scholarship Program and receive a much needed benefit.

Corporations can receive a tax credit for amounts contributed to the GOAL Scholarship Program and many corporations have done so. For “C” corporations, the tax credit is available up to 75% of their annual Georgia income tax liability. Owners of … Continue reading

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Georgia “GOAL” Passes New Higher Limits for Pass Through Entities

On May 8, 2013, Governor Deal signed into law new legislation which allows the owners of pass-through entities to receive a Georgia income tax credit for up to $10,000 for QEE credit (aka GOAL Scholarship Program). Under this QEE credit … Continue reading

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GOAL Scholarship Funding Limit Reached for 2012

As our Georgia clients are aware, there is a state program which allows its taxpayers to obtain an education expense credit for contributions to qualified scholarship funds (usually referred to as the GOAL scholarship for the largest student scholarship organization). Under … Continue reading

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Georgia Education Expense Tax Credit Limit Reached

The 2011 Georgia Eduction Expense Tax Credit (aka GOAL Scholarship Credit) has reached its $50 million annual funding limit. Under the current law, Georgia taxpayers can fund a portion of their Georgia tax liability to a private school scholarship fund.  The … Continue reading

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Time to Think About GOAL Scholarship Funding

As most of you know, Georgia has a strange law on the books which allow you to fund a portion of your Georgia Income Tax Liability to a private school scholarship fund.  Georgia law provides that up to $50 million … Continue reading

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