Low-income Corporate Income Tax Credit Scholarship

Overview

The Low-Income Corporate Income Tax Credit Scholarship is an Arizona program allowing corporations to receive tax credits for donations to School Tuition Organizations (STOs) that provide scholarships to low-income students. This initiative was established by the state of Arizona to broaden educational choice for families with limited financial resources by incentivizing corporate investment in private education. These scholarships are distributed by certified STOs to students who meet specific state-mandated criteria regarding income and school enrollment history.