Attention ‘C’ corporations, LLCs, taxable trusts, and fiduciaries
Redirect up to 75% of your Georgia income tax liability To GRACE Scholars and receive a 100% state income tax credit
Sounds too good to be true? Not for certain taxpaying enteties in Georgia. It’s the law in Georgia (HB 325 in 2011). You get your money back on your next state tax return thanks to a dollar-for-dollar tax credit. All it takes is a State form TP1 with 2013 info to get pre-approved. The State will send an approval letter which send you send with your check and GRACE 2013 Contribution Form (PDF) to:
2401 Lake Park Dr. SE
Smyrna, GA 30080
Need more data to make your decision?
Take a look at these stats on Catholic and religious affiliated schools.
According to the results of the 2007 NAEP, Catholic school students scored higher than the national public school average in every category in grades 4 and 8 by as many as 21 points.
According to the 2008 results of the SAT, students in religiously affiliated schools scored higher than the national public school average in every category by as many as 65 points.
Catholic school students stay in high school longer than students in other schools (99.1 percent of students in Catholic high schools graduate).
Catholic school students attend college at a higher rate (97 percent of Catholic high school graduates attend four-year colleges, community colleges or technical schools).
Go ahead. Share GRACE.