Arizona's Corporate Tuition Tax Credit allows corporations to donate to a School Tuition Organization (STO) that results in scholarships for students AND is a dollar-for-dollar corporate income tax credit.
This means you can take what you would otherwise pay to the state in taxes and instead recommend PRCA to help scholarship students who are either in need, disabled, or have been in Arizona foster care.
Who can donate? S-corporations, C-corporations, insurance companies that pay AZ state taxes on premiums, & LLCs that file like an S-corp. Submittals begin July 1 and the cap for donations, set by the state, is often met quickly.
We thank you for investing in our future leaders; our families are truly grateful!