

Program Overview
Any business with an Arizona tax liability can assist children in obtaining a quality education by making a tax credit donation. The Arizona Corporation School Tuition Tax Credit Law, A.R.S. Section 43-1183, followed in 2015 by HB2153, allows corporations to receive a dollar-for-dollar tax against their state income tax liability for these donations.
Who is Eligible
- C-Corps and S-Corps that pay Arizona corporate income taxes.
- LLC’s taxed as S-Corps for federal and state purposes are eligible to make a donation for the tax credit.
- Corporation does not have to be based in Arizona, but only needs an Arizona state tax liability.
- Donations are a dollar-for-dollar tax credit against the corporation’s Arizona state taxes.
- There is no maximum amount a corporation may contribute. The minimum is $5,000.
- Unused tax credits from contributions can be carried forward for up to 5 years.
How does the Process Work?
- VTO will submit application to the state in July. All we need is a company’s name, EIN#, amount you wish to donate, and contact information.
- State approves application on a first come first served basis. Based on that year’s cap.
- After approval corporation has 20 days to make donation to VTO. Corporation submits credit as part of tax return.
Scholarships Paid For 2018-2019 By Income Level
Corporate scholarships paid during FY 2018/19 to students with family income of 185% and below of poverty level:
Amount of corporate scholarships paid = $8,500
Amount as a percentage of total original scholarships paid = 47.25%
Corporate scholarships paid during FY 2018/19 to students whose family income is 186% to 342% of poverty level:
Amount of corporate scholarships paid = $9,488
Amount as percentage of total original scholarships paid = 52.75%
Original scholarships paid during FY 2018/19 to students with family income of 185% and below of poverty level: $0 and 0%
Original scholarships paid during FY 2018/19 to students whose family income is 186% to 342% of poverty level: $0 and 0%
Switcher scholarships paid during FY 2018/19 to students with family income of 185% and below of poverty level: $0 and 0%
Switcher scholarships paid during FY 2018/19 to students whose family income is 186% to 342% of poverty level: $0 and 0%