Because there are limited tax credits available each year, a taxpayer interested in contributing to GRACE must be pre-approved by the Georgia Department of Revenue (DOR). In 2008, the Georgia legislature placed an annual cap on the amount of available education expense credits. Since 2015, the entire $58 million cap has been met on the first business day of the year with requests actually exceeding the cap. For 2023, the cap of $120 million was met on the first business day of the year. Georgia taxpayers were approved for a prorated percentage of their requested amounts.