• requires students to be enrolled in and attended a Georgia public school for at least six weeks in order to be eligible for the scholarship
• enrollment and attendance requirements shall be waived in the case of a student is assigned to a public school that had been determined to be a low performing school as defined by the Office of Student achievement; or has been subjected to documented cases of physical violence or student related verbal abuse threatening physical harm; or whose parents that do not wish their child to participate in classroom instruction or exercises that conflict with their religious beliefs.
• student scholarship organizations:
• with respect to the first $1.5 million of annual revenue received for scholarships the student scholarship organization must obligate for scholarships at least 90% of its revenue; at least 93% if revenue is between $1.5 million and $10 million; at least 94% if revenue is between $10 million and $20 million; at least 95% if revenue is more than $20 million.
• must designate funds for scholarships on or before the year following receipt of donations
• shall consider giving preferences to students with financial needs when awarding scholarships
• shall provide a copy of the annual audit to the Department of Revenue
• in addition to other provisions, must report to the Department of Revenue the federal adjusted gross income for families of scholarship recipients and the number of dependents in such families
• shall not represent or direct a private school that taxpayer contributions may be designated for a particular individual

EFFECTIVE DATE: If approved by the General Assembly and Governor, effective with the taxable year beginning January 1, 2013