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“The School" and the Georgia GOAL Scholarship Program. October, 2010. Presentation Outline. HB 1133 History National Context Redirecting Georgia Income Taxes to Provide “The School" Scholarships GOAL Scholarship Program 2009 Results. History of HB 1133.

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The school and the georgia goal scholarship program

“The School" and the

Georgia GOAL Scholarship Program

October, 2010


Presentation outline

Presentation Outline

  • HB 1133

    • History

    • National Context

  • Redirecting Georgia Income Taxes to Provide “The School" Scholarships

  • GOAL Scholarship Program 2009 Results


History of hb 1133

History of HB 1133

  • Origins in the school choice movement: Emphasis on choice for low-income families

  • Iowa Tuition Tax Credit Program – 1987

  • Cleveland and Milwaukee voucher programs – 1990

  • Arizona Tuition Tax Credit Program – 1997

  • Georgia Charter Schools Act – 1998

  • Proposed Early HOPE Scholarship Program of 2000 (vouchers for low-income families with children in failing public schools) – did not pass

  • U.S. Supreme Court approves Cleveland School Choice Program – 2002

  • Georgia Special Needs Scholarship Program (SB 10 – 2007)

  • Georgia Tuition Tax Credit Program (HB 1133 – 2008)

  • Senator Eric Johnson introduces bill providing for universal public and private school choice – 2009 – did not pass

  • GA HB 251 (2009) – allows parents to transfer children from one public school to another within assigned school system if space is available

  • SB 361 (2010) – proposed by Senator Chip Rogers, this Early HOPE Scholarship would recast the GA Special Needs Scholarship Program and expand scholarship eligibility to children from military families, foster families, and children with disabilities


The school and the georgia goal scholarship program

Tuition Tax Credit Laws & Programs Exist in Eight States


The school and the georgia goal scholarship program

Redirecting Georgia Income Taxes to Provide “The School" Scholarships


You have a choice

You have a choice

HB 1133 is a 2008 Georgia law that grants an income tax credit to individuals and corporations who contribute to qualified student scholarship organizations (SSOs) such as the Georgia GOAL Scholarship Program (GOAL)

The passage of HB 1133 was an incredible victory for the school choice movement and your participation in the program is critical to make this victory a meaningful one

OR


Hb 1133 requirements

HB 1133 Requirements

  • Individual and corporate taxpayers receive Georgia income tax credit for contributions to qualified Student Scholarship Organizations (SSOs)

  • Individuals are limited to $1,000 (single); $1,250 (married filing separately); $2,500 (married filing jointly)

  • C-Corporations can contribute and receive a tax credit for up to 75% of their Georgia income tax liability

  • S-Corporation shareholders, LLC members and Partnership partners are subject to individual contribution limits

  • Contributions are also eligible for federal charitable income tax deduction

  • Scholarships may only be awarded to “eligible” students

    • Students must be enrolled in Georgia public school or eligible to enter PreK-4 or Kindergarten

    • No limitation on household income of scholarship recipient families

    • No limit on amount of scholarship per recipient

    • Multiple year scholarships may be awarded


The school and the georgia goal scholarship program

How to redirect your Georgia income taxes in the simplest, fastest way


A simple two step process for taxpayers

A simple two-step process for taxpayers

Contribute to GOAL:

Send the following items to “The School":

– A complete and notarized* GOAL Contribution & Authorization Form

– A blank copy of page 2 of the Form IT-QEE-TP1 pre-approval form, signed by you at Part C

– A check made payable to “Georgia GOAL Scholarship Program” in the amount of your contribution

“The School" school officials and GOAL Scholarship Program officials will manage the paperwork and approval process as follows:

– Fill out your IT-QEE-TP1 Form using your GOAL Form information – School

– Fax or email your TP1 Form to the DOR for pre-approval – School

– Receive approval from the DOR by return Fax or return email – School

– Send your check and approved TP1 Form to GOAL – School

– Process your contribution check when DOR approval is received – GOAL

– Send you a Form IT-QEE-SSO1 acknowledging your contribution – GOAL

Claim the Credit:

– File your Georgia income tax return and take the credit

(GOAL will send tax filing instructions early in 2011 to assist you)

*Please note: If you are not able to get your GOAL Contribution & Authorization Form notarized, you

will receive your approved Form IT-QEE-TP1 directly from the Georgia DOR in the mail. You must

send this form to GOAL within 30 days of approval.


A simple two step process for taxpayers1

A simple two-step process for taxpayers

Contribute to GOAL:

Send the following items to “The School":

– A complete and notarized* GOAL Contribution & Authorization Form

– A blank copy of page 2 of the Form IT-QEE-TP1 pre-approval form, signed by you at Part C

– A check made payable to “Georgia GOAL Scholarship Program” in the amount of your contribution

GOAL will manage the paperwork and approval process as follows:

– Fill out your IT-QEE-TP1 Form using your GOAL Form information

– Fax or email your TP1 Form to the DOR for pre-approval

– Receive approval from the DOR by return Fax or return email

– Send your check and approved TP1 Form to GOAL

– Process your contribution check when DOR approval is received

– Send you a Form IT-QEE-SSO1 acknowledging your contribution

Claim the Credit:

– File your Georgia income tax return and take the credit

(GOAL will send tax filing instructions early in 2011 to assist you)

*Please note: If you are not able to get your GOAL Contribution & Authorization Form notarized, you

will receive your approved Form IT-QEE-TP1 directly from the Georgia DOR in the mail. You must

send this form to GOAL within 30 days of approval.


How are the contributions obligated

How are the contributions obligated?

  • HB 1133 requires that at least 90% of designated contributions be obligated for scholarships at “The School"

  • GOAL uses the designated funds and investment earnings on those funds to provide scholarships to applicants recommended by “The School"

  • “The School" officials recommend potential scholarship recipients and the amount of the GOAL Scholarships they will receive


The school and the georgia goal scholarship program

GOAL Contribution Results


Georgia education expense credit contribution results

Georgia Education Expense Credit Contribution Results

  • 2008 Contributions:

  • State-wide:

    • Approx. 3,700 contributors:$6.2 million

    • GOAL Scholarship Program:

    • 1181 individual contributors:$ 2,353,209

    • 13 corporate contributors:$ 1,194,200

    • Total $ 3,547,409

  • 2009 Contributions:

  • State-wide (estimated):

  • Approx. 11,000 contributors:$25.4 million

  • GOAL Scholarship Program:

  • 3,755 individual contributors:$ 7,112,840

  • 45 corporate contributors:$ 3,496,460

  • Total $ 10,609,300


Goal scholarship program 2009 contributions by quarter

GOAL Scholarship Program 2009 Contributions by Quarter


Goal scholarship program source of 2009 contributions

GOAL Scholarship Program Source of 2009 Contributions


The school and the georgia goal scholarship program

GOAL Scholarship Results


Goal scholarship award results

GOAL Scholarship Award Results

  • 2008-2009 Scholarships Awarded: 77 at 9 GOAL Schools

  • 2009-2010 Scholarships Awarded: 639 at 56 GOAL Schools

    • Average Amount of Award: $4,697

    • Average AGI of Recipient Family: $44,633

    • Median AGI of Recipient Family: $38,927

    • Total scholarship awards disbursed:$ 2.7 million


The school and the georgia goal scholarship program

North Georgia

Athens Christian School

Augusta Christian Schools

Augusta Preparatory Day School

Berry College Elementary & Middle School

Curtis Baptist School

Darlington School

Episcopal Day School

Heritage Academy

Lakeview Academy

Monsignor Donovan Catholic High School

Mountain Area Christian Academy

Rabun Gap-Nacoochee School

Ridge Creek School

Riverside Military Academy

Tallulah Falls School

Unity Christian School

Westminster Christian Academy

Westminster Schools of Augusta

Wildwood Christian Academy

GOAL Participating Schools

Peachtree Academy Private School

Perimeter School

Pinecrest Academy

Providence Christian Academy

The Ron Clark Academy

Sophia Academy

Southwest Atlanta Christian Academy

Strong Rock Christian School

Sugar Hill Christian Academy

The Swift School

Wesleyan School

Whitefield Academy

Woodward Academy

Greater Atlanta Area

Arlington Christian School

Atlanta Classical Christian Academy

Atlanta Youth Academy

Brandon Hall School

Bridgeway Christian Academy

Cherokee Christian Schools

Chrysalis Experiential Academy

The Cottage School

Cumberland Academy of Georgia

Destiny Christian Academy

Eagles Landing Christian Academy

Eastminster School

Fellowship Christian School

Furtah Preparatory School

Greater Atlanta Christian School

Greenforest/McCalep Christian

Academic CenterHarvester Christian Academy

Holy Spirit Preparatory School

Hope Schools of Excellence

The Howard School

Killian Hill Christian SchoolLandmark Christian School

Legacy Christian Academy

The Lionheart School

Loganville Christian Academy

Marist School

Mill Springs Academy

Mount Paran Christian School

Mount Pisgah Christian School

Mt. Bethel Christian Academy

New Birth Christian Academy

New Day Gables Academy

Notre Dame Academy

Old Suwanee Christian School

Middle Georgia

Brentwood School

Brookstone School

Bulloch Academy

Calvary Christian School

Covenant Academy

David Emanuel Academy

First Presbyterian Day School

Flint River Academy

Gatewood Schools

John Hancock Academy

John Milledge Academy

LaGrange Academy

Montessori of Macon

Nathanael Greene Academy

Providence Christian School

Redeemer Episcopal Academy

Southland Academy

St. George’s Episcopal School

Stratford Academy

Tattnall Square Academy

Trinity Christian School

The Westfield School

Windsor Academy

Woodfield Academy

South Georgia

Benedictine Military School

Bethesda Home for Boys

Brookwood School

Calvary Day School

Deerfield-Windsor School

Favor Christian Academy

First Presbyterian Christian Academy

Grace Christian Academy

Paul Anderson Youth Home

Randolph Southern School

Robert Toombs Christian Academy

Sherwood Christian Academy

St. Andrew’s SchoolTerrell Academy

Tiftarea Academy

Valwood School

Westwood Schools


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