Information for Corporate Taxpayers

There are two separate nonrefundable corporate tuition tax credits for donations made to Certified School Tuition Organizations. This provides scholarships for Arizona students to attend private schools.

Credit for Corporate Contributions to School Tuition Organizations (Low-Income)

This tax credit is claimed on Form 335. Corporations interested in making a donation to a Certified School Tuition Organization for the low-income tax credit must contact a School Tuition Organization directly to discuss applying for a corporate credit donation pre-approval. Corporate partners, S corporation individual shareholders and exempt organizations subject to unrelated business taxable income may also be eligible to claim the low-income corporate credit.

The Low-Income Corporate Tax Credit Cap for FY2019/20 is $106,993,207.

Credit for Corporate Contributions to School Tuition Organizations for Displaced Students or Students with Disabilities

This tax credit is claimed on Form 341. Corporations interested in making a donation to a School Tuition Organization for the disabled/displaced tax credit must contact a School Tuition Organization directly to discuss applying for a corporate credit donation pre-approval. Corporate partners, S corporation individual shareholders and exempt organizations subject to unrelated business taxable income may also be eligible to claim the disabled/displaced corporate credit.

The Disabled/Displaced Corporate Tax Credit Cap each fiscal year is $5,000,000.

Pre-Approval of Corporate Donations to School Tuition Organizations

Corporations interested in making a donation for either corporate credit must contact a School Tuition Organization directly to discuss applying for a corporate credit donation pre-approval. School Tuition Organizations submit the corporate donation application for credit pre-approval to the Arizona Department of Revenue. Pre-approval applications submitted by a corporation to the Arizona Department of Revenue will not be accepted.

Please contact us if you would like to make a tax credit eligible donation!

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