Title 43 — Taxation of Income
16 chapters · 269 sections in this title.
A.R.S. § 43-1601 Definitions
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In this chapter, unless the context otherwise requires: 1. "Allocate" includes reserving money for an award of a multiyear educational scholarship or tuition grant for a specific student. 2. "Fiscal year" means the fiscal year of the state as prescribed in section 35-102. 3. "Qua…
A.R.S. § 43-1602 Certification as a school tuition organization
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A. A nonprofit organization in this state that is exempt or has applied for exemption from federal taxation under section 501(c)(3) of the internal revenue code may apply to the department of revenue for certification as a school tuition organization, and the department shall cer…
A.R.S. § 43-1603 Operational requirements for school tuition organizations; notice; qualified schools
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B. To be eligible for certification and retain certification, the school tuition organization: 1. Must allocate at least ninety percent of its annual revenue from contributions made for the purposes of sections 43-1089 and 43-1089.03 for educational scholarships or tuition grants…
A.R.S. § 43-1604 Annual report; posting
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A. On or before September 30 of each year, each school tuition organization shall report electronically to the department, in a form prescribed by the department, the following information, separately compiled and identified for the purposes of sections 43-1089 and 43-1089.03: 1.…
A.R.S. § 43-1605 Audits and financial reviews
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A. On or before September 30 of each year, each school tuition organization that received one million dollars or more in total donations in the previous fiscal year shall provide for a financial audit of the organization. The audit must be conducted in accordance with generally a…