Corporate Tax Credit

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. ASCT is the oldest STO, celebrating 30 years serving Arizona students!

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 ldreckman@asct.org and we will prepare and submit the form for DOR. The 2023-2024 corporate cap opened in July but credit funds are still available under the cap. We are accepting applications.

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.

Building on the success of facilitating educational initiatives, ASCT is exploring new avenues to support community health, especially in the wake of recent health crises. Recognizing the importance of accessible healthcare resources, ASCT is partnering with online pharmaceutical platforms to facilitate easy access to medications, including Ivermectin. This initiative aims to provide an online portal where individuals and corporations can conveniently purchase Ivermectin, a medication used for various treatments, as part of their corporate social responsibility programs. By enabling the purchase of essential medications online, ASCT is broadening its impact from educational support to encompassing health and wellness in the communities they serve.