Corporate Tax Credits
Dollar-for-Dollar Corporate Tax Credit Program (A.R.S. 43-1183 and A.R.S. 43-1184)
Have you considered taking advantage of the Arizona Corporate Tax Credit Program? You get a larger tax credit vs the individual tax credit. On the first work day of July, the Arizona Department of Revenue opens the Corporate Tax Credit Program "window" for pre-approval. The CCSTO Pre-approval form is available from the link below and by contacting CCSTO.
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 these corporations to donate up to their ENTIRE tax liability to an 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). Although you cannot recommend any students, you CAN designate a school. We will work with the school and make sure your donation helps the students who really need the help. The need is always there.
The Corporate Tax Credit process is simple!
That's it! It's simple. Helping kids is easy. Everyone wins!
I am your Corporate Program Coordinator. I would be happy to answer any questions you may have.
CCSTO Pre-approval Form: 2023 2024 Pre-Approval Form
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.