You have a choice—pay
income taxes to the state of Georgia or provide scholarships to low-income and middle-income families to attend Old Suwanee
Christian School (OSCS).
HB
1133 is a new 2008 Georgia law that grants an income tax credit to individuals and corporations who contribute to qualified
student scholarship organizations such as the Georgia GOAL Scholarship Program.
• Individuals contribute up to $1,000 and receive a corresponding credit against your Georgia
income taxes.
•
Married couples contribute up to $2,500 and
receive a corresponding credit against your Georgia income taxes.
• “C” Corporations contribute up to 75% of your Georgia income tax liability and
receive a corresponding credit against your Georgia income taxes. S Corporation shareholders and LLC members
are limited to the individual tax credit limitations.
All contributions are also deductible for federal income tax purposes.