Corporate Tax Credits



Dollar-for-Dollar Corporate Tax Credit Program(A.R.S. 43-1183 and A.R.S. 43-1184)

We are reaching out again for your interest in helping low income and disabled children in the State of Arizona attend Private Christian Schools.  Your Corporate tax credit donations 
benefit students of families that fall under the national free and reduced lunch program limits. Have you considered taking advantage of the Arizona Corporate Tax Credit Program?  
Corporations get a larger tax credit than individual tax credits.   

In 2006 the Arizona legislature created the Corporate Tax Credit Program. This tax credit is available only to Corporate taxpayers, exempt organizations with unrelated business income, 
Corporate Partners of a partnership (if passed through by the partnership), individual shareholders of an S Corporation (if passed through to their shareholders) AND Insurance Companies 
(if they have a premium tax liability).

This credit allows corporations to donate up to their ENTIRE tax liability to a School Tuition Organization, like CCSTO, for a dollar-for-dollar tax credit.
The minimum donation is an aggregate $5,000 (Low Income and/or Disabled/Displaced combined). Another great advantage is that you CAN designate any of our School Partners to receive 
your donation! We will work with that school to make sure your donation helps the students who really need the help. The need is always there.

On July 7th, the Arizona Department of Revenue opens the Corporate Tax Credit Program "window" for pre-approvals. 
The CCSTO Pre-approval form is available by contacting msubia.ccsto@gmail.com. 

The Corporate Tax Credit process is simple!
  1.  Complete the Corporate Tax Credit Pre-Approval and return to  CCSTO. All applications must be received by CCSTO no later than June 28th each year.
  2.  CCSTO will send the application to the Arizona Department of  Revenue (ADOR) on July 7th.
     ADOR confirms the corporation's tax standing and verifies that the state cap has not been reached.
  3.  ADOR responds to CCSTO within 20 days of your corporate tax credit request.
  4.  CCSTO will notify the corporate donor or insurance company of  their standing the SAME day CCSTO is notified.
  5.  The corporate donor or insurance company has 20 days to make their donation (payable to CCSTO). If you miss the 20 day deadline, your application
     expires and you will be required to reapply.
  6.  CCSTO notifies ADOR when your donation has been received. 
                    That's it!  It's simple. Helping kids is easy. Everyone wins!  
 
                                   Take the Credit and Help a Student!   
                                Even if you cannot participate this year, 
                              we would appreciate your help by passing
                                    this on to someone who can help.

I am your Corporate Program Coordinator. I would be happy to answer any questions you may have. 

Mary Subia at msubia.ccsto@gmail.com or call me at 520-456-4961.

        You can also get information from the ADOR website:  

              Program Guidelines available at www.azdor.gov:  Click on the "Tax Credits" link on left side of home page.


Arizona Revised Statute - A.R.S. §43-1603(C):

  • A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of a donor's recommendation.
  • A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependents.