Georgia legislation · 2025-2026 Regular Session
Georgia HB328: Revenue and taxation; increase annual aggregate limit for tax credits available for certain contributions to student scholarship organizations
Status: Signed into law, May 11, 2026
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 income tax imposition, rate, computation, exemptions, and credits, so as to increase the annual aggregate limit for tax credits available for certain contributions to student scholarship organizations; to increase the time allowed after being preapproved to make the contributions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to increase the annual aggregate limit for tax credits available for certain contributions to student scholarship organizations; to increase the time allowed after being preapproved to make the contributions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
From the introduced text:
A BILL TO BE ENTITLED To amend Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, so as to increase the annual aggregate limit for tax credits available for certain contributions to student scholarship organizations; to increase the time allowed after being preapproved to make the contributions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article 2 of Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income tax imposition, rate, computation, exemptions, and credits, is amended in Code Section 48-7-29.16, relating to tax credits for contributions to student scholarship organizations, by revising paragraphs (1), (1.1), and (3) of subsection (f) as follows: "(f)(1) The aggregate amount of tax credits allowed under this Code section shall not (B) For 2019 through 2022, $100 million per year; and H. B. LC 50 1047 (C) For 2023 and all subsequent years, $120 $200 million per year. (1.1) In no event shall the aggregate amount of tax credits allowed under this Code section to all business enterprises for state insurance premium tax liability owed pursuant to Code Section …