The Corporate Income Tax Credit Program was established to give parents from low to moderate income households a CHOICE in their child’s education. Our goal is to provide tuition scholarships through re-directed corporate income tax dollars to qualified students. How to donate >>
Eligibility
A child is eligible to receive a Corporate Tax Credit Scholarship if the following requirements are met:
- The child is entering Kindergarten in a qualified private school or the child attended a public or charter school as a full-time student for at least the first 100 days of the prior year and is transferring to a qualified private school full-time.
- The family’s income does not exceed 185% of the income limit required to qualify for reduced-price lunches under the national school lunch and child nutrition acts. See below:
| Federal Reduced-Lunch Program Guidelines Effective for School Year 2009-2010 |
Arizona Corporate Scholarship Income Guidelines |
|
|---|---|---|
| Household Size | Annual Income | 185% of Annual Income |
| 1 | $20,036 | $37,066 |
| 2 | $26,955 | $49,866 |
| 3 | $33,874 | $62,666 |
| 4 | $40,793 | $75,467 |
| 5 | $47,712 | $88,267 |
| 6 | $54,631 | $101,067 |
| 7 | $61,550 | $113,867 |
| 8 | $68,469 | $126,667 |
| For each additional member, add… | $6919 | $12,800 |
For continuing eligibility, the child must receive a scholarship the first year and each year thereafter. If no scholarship is awarded during a given year, they are no longer eligible to receive assistance from the corporate program. However, they always remain eligible to receive assistance from the Individual Income Tax Credit Program.
Application Process
Applications for the Corporate Tax Credit Scholarship Program are not being accepted at this time due to lack of funding. Please check back periodically to apply when funding becomes available for the 2010-2011 school year.
Corporate Awards
Award recipients will be notified by email if they receive a corporate scholarship. Once a child has received a corporate award, they will be eligible to receive an award each year thereafter provided there are funds available and they still fall below the income threshold.
For the 2010-2011 school year, the maximum corporate scholarship a child can receive from one or multipe STO’s is $4600 for grades K-8 and $5900 for grades 9-12. These maximums grow by $100 each year.