Notwithstanding any general or special law or any certificate of incorporation, charter, or other articles of organization, all domestic or domesticated corporations, associations, and other taxable entities carrying on business in this state and any person are authorized to make contributions of money, property, or other thing of value to the authority for any of its corporate purposes. The value of such contribution shall be allowed as a deduction in computing the taxable income of the donor for the purpose of any income tax imposed by the state or by any political subdivision of the state.
History. Ga. L. 1969, p. 683, § 44; Code 1933, § 32-3713, enacted by Ga. L. 1980, p. 835, § 3.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 7 - Scholarships, Loans, and Grants
Part 3 - Georgia Student Finance Authority
Subpart 1 - General Provisions
§ 20-3-311. Legislative Findings; Purposes of Authority
§ 20-3-313. Authority Created as Successor to Georgia Higher Education Assistance Authority
§ 20-3-314. Functions, Composition, Organization, and Conduct of Affairs of Board of Directors
§ 20-3-315. Authority Officers and Employees; Bonds
§ 20-3-317. Accounting System; Use of Funds; Payments to Commission
§ 20-3-318. Authority Administration Fund
§ 20-3-320. Audits of Authority; Distribution of Audit Reports
§ 20-3-321. School Audits; Program Reviews; Corrective Actions
§ 20-3-322. Contributions Deductible for Tax Purposes
§ 20-3-323. Conflicts of Interest Involving Directors, Officers, or Employees of Authority
§ 20-3-324. Authority Assigned to Commission
§ 20-3-325. Dissolution of Authority
§ 20-3-326. Venue of Proceedings Against Authority
§ 20-3-327. General Banking Business by Authority Prohibited