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- All Subjects: Education--Finance
- Creators: Arizona. Department of Revenue
Arizona’s individual income tax credit for contributions to school tuition organizations, referred to as the private school tax credit, is governed by A.R.S. §43-1089. School tuition organizations must submit a report to the Arizona Department of Revenue by February 28.
Arizona Revised Statute § 43-1089.01 provides a non-refundable individual tax credit for fees and cash contributions paid to public schools in Arizona for the support of extracurricular activities or character education programs. This credit is available only to individuals. The credit is equal to the amount of fees paid or amount contributed up to $200 for single or heads of household taxpayers and up to $400 for married taxpayers that file a joint return.
Outstanding bonded indebtedness is reported by cities and towns, counties, community colleges, school districts, state agencies, universities, special districts, and other political subdivisions. These figures represents principal only; no interest is included.