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Tax Credits: Apogee

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Starting NOW, you may Pre-Apply for the 2017 Apogee Scholarship Fund. Click here and pre-apply prior to December 15, 2016 as the cap is anticipated to be met by January 1, 2017.

Thank you for your interest in the Georgia Private School Tax Credit. Please find below the information and resources to better explain the tax credit and your options for donating. You can go to the donation page to begin the process. Tax credits go quickly so please Act Now!

What is the Qualified Education Expense Credit?

The Qualified Education Expense Credit program (a.k.a. Private School Tax Credit / SSO Tax Credit, etc) was passed into law in 2008 through a piece of legislation named HB 1133. In 2011, an expansion bill called HB 325 was passed into law. In 2013, a new bill called HB 283, which redefined the tax credit cap and added a $10k max for pass-through taxpayers, was passed.

Although several changes are apparent from one bill to the next, the bills as a whole are centered around providing tax credits to GA tax payers who wish to support educational opportunities to families seeking educational alternatives to the free Public School option.

The Georgia Legislature originally set aside approximately $58 million in tax credits annually to provide these options. Georgia tax payers can make a private donation to a State registered SSO and receive a dollar-for-dollar GA tax credit, as well a Federal charitable contribution deduction. The law also allows for tax credit donors to express their wish of which school should receive the opportunity to access the tax credit contribution monies for tuition scholarships through their chosen SSO.

These are some of the highlights of the current law:

  • $58,000,000 maximum allocated each year.
  • Credits allocated on a first-come, first-served basis.
  • Pass through taxpayers can redirect up to $10,000 each.
  • Within 60 days of the pre-approval notice from the DOR, donors must make their contributions to an SSO.
  • Donations to an SSO only count in the same calendar year in which the donation was pre-approved and paid.
  • Taxpayers must add back to Georgia taxable income that part of any federal charitable contribution deduction taken on a federal return for which Georgia Qualified Education Expense Credit is allowed.
Who qualifies for the scholarship?

Scholarship applicants must meet the following requirements as defined in HB 283 and by The Atlanta Academy:

  • Eligible to enroll in a public Pre-K, Kindergarten, or 1st Grade or ...
  • Coming from a public school to a private school for the first time or ...
  • Coming from a home-school (1 year min) or charter school environment for the first time or ...
  • Previously received an SSO Scholarship or ...
  • Attended a minimum of 45 days of public school prior to enrolling at a qualified private school
How do I donate?
  • Go to www.apogeebase.com/donate
  • Complete online application
  • Application will be approved in January
  • Payment will be due in March

For additional questions or assistance, please contact Angela Naples (678.461.6102) at The Atlanta Academy or John Panessa (404.419.7123) at Apogee.

To learn more about the Apogee Georgia School Choice Scholarship Fund, please visit www.apogeescholarships.org.

CONTACT

Angela Naples

Head of School

Send Email

678-461-6102

The Atlanta Academy practices a non-discriminatory admissions policy.

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Quick Fact:  The Atlanta Academy student population represents families from more than 24 countries around the world.

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