The Georgia Private School Tax Credit law allows eligible private citizens and corporations to receive tax credits for donations to Georgia Student Scholarship Organizations (SSOs). SSOs will provide student scholarships to parents that will help cover the cost of a private school education for their children in the state of Georgia.
Eligible Student Scholarship Organizations (SSOs) are charitable organizations located in Georgia.
- SSOs must submit their annual notice of participation to the Georgia Department of Education in accordance with department guidelines regarding their participation as an SSO. The annual notification form can be found in the “FOR SSOs” box.
- SSOs are exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code;
- SSOs must allocate at least 90 percent of their annual revenue for scholarships or tuition grants to allow students to attend any qualified private school of their parents´ choice.
- SSOs must provide educational scholarships or tuition grants to eligible students without limiting the availability of those scholarships or grants to the students of any one school.
- SSOs must be legally registered and in good standing with the Georgia Secretary of State as required by Georgia law.
- SSOs must obligate 90 percent of their annual revenue for scholarships or tuition grants (Up to 25 percent of this amount may be carried forward for the next fiscal year).