June 30 is the corporate tax commitment deadline. Corporations filing as an S or C Corp, LLCs filing as an S Corp, and insurance companies that pay premium tax can direct up to 100% of their state tax liability to Low Income and recently Disabled/Displaced scholarships through school tuition organizations.
This is a tax credit, not a donation. The school tuition organizations then award K-12 scholarships to qualifying students. Participating corporations redirect funds they must already pay to the state, enabling them to help low-income children achieve greater educational excellence at NO COST to the corporation. As a result, this program contributes to the betterment of our communities through creating an educated workforce.
SMIS partners with these Arizona school tuition programs for students at SMIS. Contact them today for more information on how your Class C Corp or Insurance Carrier can help students.
AAA Scholarship Foundation (888) 707-2465
Arizona Leadership Foundation (602) 525-7355
Arizona’s Catholic Tuition Support Organization (520) 838-2558
Brophy Foundation (602) 264-5291
Catholic Education Arizona (602) 218-6542
Tops for KIDS (480) 414-8677