Corporate & Insurance Premium Tax Credits
Your contribution makes private education possible for low income families and will not cost your company anything.
“C” and “S” corporations with an Arizona income tax liability and insurance companies that pay Arizona premium tax can redirect their tax liability to Brophy Community Foundation and receive a 100% dollar-for-dollar Arizona income or premium tax credit. The money is awarded to k-12 students, with verified financial need, for private school tuition assistance at these Arizona schools.
There is no limit to the amount of your contribution. However, there is a statewide cap of $74,300,858 for fiscal year 2018 that opened on July 3, 2017. This tax credit is extremely popular in our business community as nearly $70M was claimed in the first few days. Approximately $1,200 remains unclaimed.
On July 1, 2018, fiscal year 2019 statewide cap of $89M will open. Applications to the Arizona Deparment of Revenue for fiscal year 2019 will not be accepted until July 1, 2018.
To apply for this credit, contact Dawn Kennedy at email@example.com or 602-264-5291x6521 or complete one of the forms linked below.
Read the laws and ADOR Procedures below: