CORPORATE TAX CREDIT

Corporate Low Income Tax Credit: FY 2022-2023

White Mountain Tuition Support Foundation is a 501(C)(3) School Tuition Organization (STO) created in 2000 to accept tax credit donations for private school scholarships. Primarily, scholarships are awarded to qualifying students at St. Anthony School in Show Low. Overflow tax credit funds are also awarded to qualifying students at East Fork Lutheran School and at St. Peter’s Indian Mission School.

Since 2006, Arizona corporations have been invited to partner with STOs to provide much needed tax credit scholarships to qualified private school students. At first, only C corps and insurance companies that collected premiums were included in the law. Now, S corps and flow-through LLCs are potential partners.

Ask yourself:
• Is my company a corporation? 
• Do I have a liability to the State of Arizona 
of at least $5,000? 
• Would I like to make a donation toward 
private school scholarships through the tax credit? 

Corporate tax credit donations begin at $5000. Each year, the State of Arizona limits the total amount of corporate state tax funding that can be used for distribution to private schools. 
The credit cap for FY 2022/2023 is $142,113,727.
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