Tuition Tax Credit A.R.S. 43-1603 Reporting

Website Reporting Requirements

Consistent with updates to A.R.S. 43-1603 in April of 2015, all STO’s must include the percentage and dollar amount of scholarships given to students whose family income meets 185% and 342.25% of poverty level in the previous fiscal year for each type of scholarship.

Fiscal Year 16-17
Students whose family income is up to 185% of poverty level 

1) Original Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 99%
  • Amount awarded to 429 students during fiscal year 16-17: $532,928

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 99%
  • Amount awarded to 200 students during fiscal year 16-17: $361,814

Students whose family income is 185% – 342.25% of poverty level

1) Original Tuition Tax Credit Scholarship Program:

  • % of total fiscal year scholarships awarded to these students: 1%
  • Amount awarded to 1 students during fiscal year 16-17: $1,000

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 1%
  • Amount awarded to 2 students during fiscal year 16-17: $4,000

Fiscal Year 15-16
Students whose family income is up to 185% of poverty level 

1) Original Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 99%
  • Amount awarded to 292 students during fiscal year 15-16: $445,861

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 100%
  • Amount awarded to 257 students during fiscal year 15-16: $323,489

Students whose family income is 185% – 342.25% of poverty level

1) Original Tuition Tax Credit Scholarship Program:

  • % of total fiscal year scholarships awarded to these students: 1%
  • Amount awarded to 2 students during fiscal year 15-16: $5,500

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 0%
  • Amount awarded to these students during fiscal year 15-16: $0

Fiscal Year 14-15
Students whose family income is up to 185% of poverty level

1) Original Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 98%
  • Amount awarded to 279 students during fiscal year 14-15: $353,800

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 100%
  • Amount awarded to 126 students during fiscal year 14-15: $251,900

Students whose family income is 185% – 342.25% of poverty level

1) Original Tuition Tax Credit Scholarship Program:

  • % of total fiscal year scholarships awarded to these students: 2%
  • Amount awarded to 5 students during fiscal year 14-15: $6,600

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

  • % of total fiscal year scholarships awarded to these students: 0%
  • Amount awarded to these students during fiscal year 14-15: $0

Fiscal Year 13-14
Students whose family income is up to 185% of poverty level

1) Original Tuition Tax Credit Scholarship Program

    • % of total fiscal year scholarships awarded to these students: 99%
    • Amount awarded to 184 students during fiscal year 13-14: $339,518
        2) Overflow/PLUS Tuition Tax Credit Scholarship Program

        • % of total fiscal year scholarships awarded to these students: 100%
        • Amount awarded to 71 students during fiscal year 13-14: $177,898

Students whose family income is 185% – 342.25% of poverty level

1) Original Tuition Tax Credit Scholarship Program:

        • % of total fiscal year scholarships awarded to these students: 1%
        • Amount awarded to 1 students during fiscal year 13-14: $2,700

2) Overflow/PLUS Tuition Tax Credit Scholarship Program

      • % of total fiscal year scholarships awarded to these students: 0%
      • Amount awarded to these students during fiscal year 13-14: $0