Georgia Corporate 2019 Tax Credit Application Form

In the State of Georgia, any company or individual that pays Georgia income tax may receive a dollar-for-dollar tax credit for approved donations to a Student Scholarship Organization like ASK- America's Scholarship Konnection

These donations are used to fund scholarships for low income students attending PreK-12 Grade Private School in Georgia.

  • Corporations may redirect up to 75% of their entire Georgia income tax liability

  •  Individual owners of S-corporations, LLCs, and partnerships may redirect up to $10,000 annually

  • Married Couple filing a Joint Return - Any amount up to $2500

  • Married Couple filing a Separate Return - Any amount up to $1250

  • Single Individual or Head of Household - Any amount up to $1000

  • A donor may designate a School whose students are to receive funding

An individual taxpayer who is a member of a limited liability company duly formed under state law (including a member who owns a single member limited liability company that is disregarded for income tax purposes), a shareholder of a Subchapter ‘S’ corporation, or a partner in a partnership, the credit is limited to the lesser of the actual amount expended or $10,000 per tax year, whichever is less; provided, however, that the tax credits shall only be allowed for the Georgia income on which such tax was actually paid by such member of a limited liability company, shareholder of a Subchapter ‘S’ corporation, or partner in a partnership. If the individual taxpayer is a member, partner, or shareholder in more than one pass through entity, the total credit allowed cannot exceed $10,000; the individual taxpayer decides which pass through entities to include when computing Georgia income.

A corporation or fiduciary is allowed a credit for qualified education expenses in an amount not to exceed the lesser of the actual amount expended or 75% of the corporation’s or fiduciary’s income tax liability for the tax year, of the corporation or fiduciary, in which the contribution will be made. Any of this lesser amount (amount expended or 75% of the corporation’s or fiduciary’s income tax liability) that is not used can be used against the succeeding five years’ tax liability. A fiduciary cannot pass through the credit to its beneficiaries.

The Qualified Education Expense Credit Cap for Calendar Year 2019 is $100 Million

All applications received on January 2nd, 2019 will be prorated down to the $100 Million.

C-Corporation Donation Application

Corporate Application to donate and receive a 100% tax credit under the Qualified Education Expense Credit program in Georgia
  • Up to 75% of Total income tax liability
  • By Typing my name above, I authorize ASK to apply to the Georgia Department of Revenue on behalf of the Corporation for a QEE Credit in the amount requested above. I also agree, on behalf of the Corporation, to make the approved donation in the amount approved by the GA DoR within 60 days of receiving the notification.