A.R.S. 43-1183 / A.R.S. 43 Ch. 15 (Eff. 1/1/11)
Corporate Tax Credit Scholarship Program
Corporations with an Arizona corporate income tax or insurance premium tax liability can redirect up to 100% of their tax liability to a state approved School Tuition Organization, such as ASCT, and receive dollar-for-dollar tax credits for their contribution.
This tax credit program is exclusively used to provide scholarships for low-income students statewide.
Companies can also participate in the Corporate Tax Credit for Disabled and Displaced Children.
Note: Once you know you would like to participate, please contact firstname.lastname@example.org and we will prepare and submit the form for DOR. THE CAP FOR 2018 FISCAL YEAR HAS BEEN MET and the 2019 corporate cap opens July 2nd. We are accepting applications for 2019.
Currently, only C-Corporations and S-Corporations with an Arizona income tax liability and insurance companies that pay an Arizona premium tax credit can participate in the Arizona Private School Corporate Tax Credit Programs.
More information on the programs is available on the Department of Revenue website here.