In 2008 the Georgia General Assembly passed House Bill 1133, and Governor Sonny Perdue signed it into law. The new law allows Georgia taxpayers (individuals and corporations) to receive a tax credit when directing a portion of their state income taxes for private school financial aid scholarships. You will receive a dollar for dollar tax credit at the state level against your Georgia income tax liability, as well as a federal income tax deduction for a charitable contribution. Citizens Christian Academy has designated The Golden Dome Scholarship Fund, Inc., a qualified Student Scholarship Organizations (SSO), to manage all contributions for scholarships directed to our school.
The goal of The Golden Dome Scholarship Fund is to help Citizens Christian Academy offset the tuition of our Pre-Kindergarten through Twelfth grade classes. Citizens Christian Academy is accredited by the Georgia Accrediting Commission and receives no federal, state, or local financial assistance. Citizens Christian Academy has certified teachers who deliver a full day of instruction in an exceptional learning environment. Your participation to this scholarship fund can provide you with a tax credit as well as assist Citizens Christian Academy with an opportunity to increase enrollment.
Georgia Qualified Education Expense Credit Details
Please consult with your tax adviser regarding your individual situation.
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A single taxpayer can redirect up to $2,500.
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A married couple filing jointly can redirect up to $5,000.
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A C Corporation can redirect up to 75% of their Georgia tax liability.
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Since partnerships, S corporations, and LLCs do not pay Georgia income tax directly, these contributors are subject to the same limits as an individual.
Georgia Qualified Education Expense Credit Process
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Complete the Georgia Form IT-QEE-TP1 to apply. CCA will mail the information for you and track it with our SSO.
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Within 30 days, you will receive approval from the Georgia Department of Revenue.
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Within 60 days of receiving your approval from the Georgia Department of Revenue, you must send a copy of the approval form and a check payable to the Golden Dome Scholarship Fund, Inc.
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When you complete your Georgia income tax return, you may apply a tax credit equal to the amount you donated.
For more information about this exciting scholarship opportunity, please visit http://www.goldendomefund.org or contact Ms. Kim Cook at the school. All necessary forms may be downloaded from the Golden Dome website or obtained from Ms. Cook.