The Georgia Education Expense Credit (GEEC) is an incredible and proven opportunity that allows NCCS TaxDecide2017 graphicGeorgia taxpayers to redirect a portion of their state income tax to provide scholarships for eligible students to attend North Cobb Christian School. Each calendar year Georgia taxpayers can redirect a portion of their state tax dollars to GEEC and receive a TAX CREDIT on their Georgia income tax return.
As long as the $58 million cap has not been met, a married couple can re-direct $2,500 and individuals can redirect $1,000 for a dollar-for-dollar tax credit. Each owner/partner of LLCs, Partnerships, and S-Corps can redirect up to $10,000 to GEEC for a tax credit. C-Corporations can receive a tax credit up to 75% of their Georgia tax liability for contributions made to GEEC.
NCCS is accepting tax credit applications NOW for 2018! With the growing popularity of the program and the addition of pass-through entities being able to contribute, the $58 million dollar cap will be reached and even EXCEEDED on January 2, 2018. NOW is the time to get your forms completed and turned in. You won’t have to pay anything until the first quarter of 2018.
All new participants will need to complete an application. You can either complete this application (found HERE) and give it to the Development Office or, if you filed last year, simply contact Andrea Ferguson in the Development Office to renew your application.