Georgia Qualified Education Expense Credit Cap Announced

As of January 4th, the Georgia qualified education expense credit cap of $58 million for calendar year 2016 already has been reached.  All appications received on January 4, 2016, were prorated down to $58 million. The proration percentage is anticipated to be 53.36%. The Department is in the process of mailing preapproval letters for applications received and denial letters for applications received after the cap was reached. Taxpayers may begin submitting applica...
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