In 2006 and then in 2008, the Arizona State Legislature passed into law the Corporate Income Tax Credit and then the Disabled/Displaced Corporate Income Tax Credit (A.R.S. §20-224.06 and § 43-1183), which allows a corporation to contribute to a qualified STO (School Tuition Organization) and receive a dollar-for-dollar Tax Credit up to the total amount of their tax liabilities and may qualify to also claim that amount on their federal taxes as a donation. STO4KIDZ in turn awards a minimum of ninety percent of contribution in form of scholarship to eligible students with verified financial needs in the same tax year.
The 2022 FY Statewide Corporate Tax Credits are available in 2 categories:
Low-Income Cap: $142,113,727
Disabled/Displaced Cap: $6,000,000
To proceed, please refer to the "Corporate Tax Allocation Process and Timeline" button listed below.