Corporate Tax Credit |
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Arizona Corporate Tuition Tax Credit allows companies the ability to donate and receive a 100% dollar for dollar tax credit
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It's as easy as 1, 2, 3!
Corporations can increase their charitable footprint, expand community giving initiatives, and most importantly – provide vital life-changing options for children who need it the most. Explore ways in which your business can contribute to giving children access to an excellent private school education!
Remaining corporate tax credit dollars as of 8/21/2024:
$84,394,219
**calculated based on total amount of $135,000,000 at the beginning of the fiscal year (7/1/2024).
Corporate Donor Resources
Who qualifies for this tax credit?
- Arizona "C" Corporations: C Corporations may donate up to their state income tax liability for the given tax year, as long as it does not exceed the entire statewide cap for the year. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43-1183)
- Insurance Companies (Premium Tax): Insurance Companies which pay Premium Tax may donate up to their state tax liability for the given tax year, as long as it does not exceed the entire statewide cap for the year. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43-1183)
- "S" Corporations: S Corporations may donate up to their state income tax liability for the given tax year, with a minimum donation of $5,000, and then pass the tax credit on to its shareholders proportionately. If a corporation donates more than their tax liability, it can be carried forward for up to 5 years. (A.R.S. § 43- 1089.04)
How much can I donate?
“C” Corporations may donate up to their state income tax liability for the given tax year, as long as it does not exceed the entire statewide cap for the year. If a corporation donates more than their tax liability, it can be carried forward for up to five years. (A.R.S. § 43-1183)
“S” Corporations may donate up to their state income tax liability for the given tax year, with a minimum donation of $5,000, and then pass the tax credit on to their shareholders proportionately. If a corporation donates more than their tax liability, it can be carried forward for up to five years. (A.R.S. § 43-1089.04)
“S” Corporations may donate up to their state income tax liability for the given tax year, with a minimum donation of $5,000, and then pass the tax credit on to their shareholders proportionately. If a corporation donates more than their tax liability, it can be carried forward for up to five years. (A.R.S. § 43-1089.04)
Who receives my donation?
We support all qualifying children in K-12th grade across Arizona who are living with a disability and/or low-income hardships.
Low-Income Corporate Scholarships are specifically designed to aid students of low to modest income families by helping them afford to switch from a public school to a private school of their choice.
Disabled/Displaced Corporate Scholarships are awarded to students who have been identified as having a disability, or students who currently are or have ever been in the Arizona foster care system.
Low-Income Corporate Scholarships are specifically designed to aid students of low to modest income families by helping them afford to switch from a public school to a private school of their choice.
Disabled/Displaced Corporate Scholarships are awarded to students who have been identified as having a disability, or students who currently are or have ever been in the Arizona foster care system.
When can I donate?
Donations are accepted on a first come, first served basis. We recommend all corporations make their commitments as soon as possible to ensure approval for the FY.
Which corporate tax credits are available?
ARIZONA HAS TWO CORPORATE TUITION TAX CREDITS:
Low-Income (A.R.S. § 43-1183)
Disabled/Displaced (A.R.S. § 43-1184)
Corporations receive a 100% credit against their AZ corporate tax liability for donating toward either of these. The differences between them are the size of the statewide donation caps, as well as which students are eligible to receive the scholarships.
Low-Income (A.R.S. § 43-1183)
Disabled/Displaced (A.R.S. § 43-1184)
Corporations receive a 100% credit against their AZ corporate tax liability for donating toward either of these. The differences between them are the size of the statewide donation caps, as well as which students are eligible to receive the scholarships.
How can I donate?
Donate online using our secure Commitment Form
