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. In some years the state-wide cap is reached that very day. The FY24 cap is loaded July 1 and is nearly $165 million.
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, 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.