Now, more than ever your corporate tax dollars are needed by
Arizona children and private schools.
Help
your clients receive a dollar-for-dollar tax credit that will help children
with their education. A simple one-page application is available through IBE
with a coordinator dedicated to making the process simple and easy to navigate
for accountants and corporate taxpayers. One minute of your time can make a
huge difference in the lives of children and, also, help your client save on
taxes and direct their tax dollars.
In
2015, Arizona legislature passed a Bill that was signed by Governor Ducey
allowing S-Corporations as well as LLCs that file taxes as an S-Corporation, to
make a tax credit contribution to a qualified School Tuition Organization (STO)
and receive a dollar-for-dollar tax credit. This tax credit flows through to
the shareholders in a pro-rata share. This is the envy of many states.
These
tax credits are for S-Corporations, C-Corporations, and insurance
companies that pay premium taxes in Arizona. The Corporate cap in
Arizona is just over $128 million. The cap has been met in previous years in
just minutes. Last year, while it took 3 rounds to award all funds, we expect
it to be another year of the cap being met in minutes. For all three rounds of
last year’s Corporate donation season, IBE had all their corporate donations
accepted in the top 30% and were in the #1 spot in all three rounds. This year,
all Corporate donation applications must be to your chosen STO by July 5th so they may be submitted by July 6th.
Who can donate?
·
C-Corporations
·
S-Corporations
·
LLCs that file as an S-Corporation
·
Insurance companies that pay premium taxes in
Arizona
Why IBE?
·
IBE had all corporate donations
accepted in the top 30% to AZDOR
·
IBE had the #1 spot in all three AZDOR rounds
in 2019
·
IBE works with over 290 diverse schools
·
Businesses can recommend a school(s) or
designate to the most needy fund
·
IBE has a designated Corporate Program
Coordinator to answer questions and help with the entire process
·
IBE has a simple process with a one-minute, one-page
application
·
Pay
your corporate tax liability with a credit card
Types of Programs
·
Low-Income Corporate Tax Credit Program
(children from low-income families)
·
Disabled/Displaced Corporate Tax Credit
Program (children with disabilities or have ever been in the Arizona Foster
Care system)
Free Corporate Tax Webinar June 11th (10am) for Arizona
businesses & CPAs. Call to register.
