Corporations

Over 30% of CEA’s tax credit contributions are from corporations doing business in Arizona. Please join the elite group of businessmen and women who are making an educational difference in the lives of Arizona’s underserved children!

Corporate
How It Works
Tax Credit Forms
Private Education Tax Credit Program

Become a Corporate Partner

Turn your Arizona State Tax Liability into an investment in education and the future of Arizona’s children.

Since 2006, The Corporate Tuition Tax Credit allows C-Corporations, S-Corporations, Insurance companies that collect premiums and LLC’s who file their state taxes as a C-Corp or an S-Corp to redirect 100% of their state tax liability to qualified Student Tuition Organizations serving private schools, such as Catholic Education Arizona (CEA). This program is a dollar for dollar credit against taxes owed the state of Arizona. These funds are dedicated exclusively to the support of tuition costs for low income or underserved students.

How it Works

Does my company qualify to direct my state corporate income tax liability or insurance premium tax to a school tuition organization?

Types of companies that qualify:

  • C-Corp
  • S-Corp
  • LLC filing as S-Corp or C-Corp
  • Insurance Companies that collect premiums.

Consult with your CPA regarding your tax structure.

Identify your corporate income tax liability or insurance premium tax to the State of Arizona.

Complete the Corporate Tax Credit Commitment Form and submit to CEA before June 15th. We submit all applications to Arizona Department of Revenue on July 1st.

Questions?  Contact us at 602-218-6613.

CEA will send your form to the Arizona Department of Revenue. Your corporation then has twenty days to make payment to Catholic Education Arizona for their tax credit contribution.

Your corporation lists the credit on the standard 120 form and files a 335 form attached to the return.

$106,993,207 Statewide Cap

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 annual statewide cap for FY20 (2019 Corporate Taxes), cap is now $106,993,207. Corporate tax credit applications are accepted by ADOR until the statewide $106,993,207 tax credit maximum is met.

Tax Credit Forms

Credit for Corporate Contributions to School Tuition Organizations

Credit for Corporate Contributions to School Tuition Organizations – Distribution to Corporate Partners of a Partnership

Credit for Corporate Contributions to School Tuition Organizations – Distribution to Individual Shareholders of an S Corporation

Credit for Business Contributions by an S Corporation to School Tuition Organizations – Individual

Private Education Tax Credit Program

The Corporate Tuition Tax Credit

Participation in the Corporate Tuition Tax Credit program, is quick and easy. Simply complete a Catholic Education Arizona (CEA) tax credit commitment form, and email it to CEA. Corporations can designate a specific school or up to 5 schools to receive their state tax credit funds. Or, the corporation can redirect their state tax liability to the “general fund”, which supports all of our schools, predominantly, those in greatest need. These options are included on the commitment form.

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 annual statewide cap for this year is $106,993,207.

Corporate tax credit applications are accepted by ADOR until the $106,993,207 tax credit maximum is met. CEA notifies each corporation when their tax credit has been accepted; usually within 5 days of submitting the commitment form. Upon confirmation by ADOR, the tax credit amount is due within 20 days of the date of the approval. The funds are sent to CEA and a receipt is provided the corporate contributor to submit to ADOR as proof of payment.