Complete and send this form to us so we may obtain the required AZ Department of Revenue pre-approval for your donation and tax credits. DOR grants approvals on a first-come-first-served basis starting the first business day of the fiscal year (which starts each July). In some years the state-wide cap is reached that very day.
The FY25 corporate tax donation cap is $141 million and millions of dollars are still available.
Corporate STO dollar-for-dollar Arizona income tax credits are available only to:
- Corporations
- Exempt organizations with unrelated business income
- Corporate partners of a partnership (if passed through by a partnership)
- S corporations (tax credits may be passed through to their individual shareholders)
- LLCs that are taxed as S-Corps and corporate partners of LLCs
These tax credits allow you to turn your Arizona income tax liability into an opportunity to help children with special needs living in low-income households.
To claim the Arizona tax credit (after you've made your approved donation), attach AZ Department of Revenue Form 335 to your Arizona corporate income tax return. Unused credits may be carried forward 5 years. Donations must be made to a certified Arizona school tuition organization like ours. Consult your tax advisor for your particular circumstances, including whether your donation can also count as a federal tax deduction.