In 2006, the Arizona legislature passed a corporate tax credit that allows “C” Corporations and “S” Corporations (only S-corps that file income tax on a 120 Corporate Income Tax Return) to make donations to a school tuition organization, such as the Brophy Community Foundation, and receive a dollar for dollar tax credit.  In 2009, the corporate tax credit was expanded to include insurance companies that pay a premium tax.  There is no contribution cap per corporation, but there is a statewide cap of $20.736 for FY 2010-1011.  This money is given to K-12  Arizona students with a verified financial need so they may attend the school of their parents’ choice.

Arizona corporations now have a vehicle to help produce a highly-skilled, talented workforce to diversify our economy, increase job opportunities and stay competitive AT NO COST TO THE COMPANY. A quality education is a right of every Arizona student and the cornerstone to success in life.  The Brophy Community Foundation corporate tax credit program promotes a strong education system that gives all Arizona families access to the best possible K-12 education for their children.  A high quality education system is critical to our economy and an important role for Arizona business in strengthening education throughout our state.

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