§ 25A(b), was available to taxpayers who have incurred expenses related to the first two years of post-secondary education.
[1] For this credit to be claimed by a taxpayer, the student must attend school on at least a part-time basis.
First, the credit will be lost if the student is convicted of a felony drug offense.
[5] The credit amount is phased out gradually once a taxpayer's modified adjusted gross income exceeds $50,000 ($100,000 if filing jointly) and the credit is phased out entirely once a taxpayer's modified adjusted gross income exceeds $60,000 ($120,000 if filing jointly).
The Georgia state lottery-funded HOPE Scholarship program (1993) pre-dates the federal tax credit (1998) by five years.