Shortly before midnight last night, the Georgia House of Representatives voted 168–3 to pass legislation that expands the Peach State’s scholarship tax credit program. The legislation also increases the program’s transparency and accountability while mostly resisting demands for unnecessary new regulations like mandatory standardized testing.
The total credit cap was raised from just over $52 million to $58 million—a good thing, but less than the $65 million that was in an earlier version of the bill. The increase came at the expense of the program’s annual adjustment for inflation, which is unfortunate beause, without additional legislative intervention to expand the program, the credits will be worth less with each passing year.
Source: Cato. Read full article. (link)