Title 43 — Taxation of Income
16 chapters · 269 sections in this title.
A.R.S. § 43-1502 Certification as a school tuition organization
2.8K chars
A. A nonprofit organization in this state that is exempt or that 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 shal…
A.R.S. § 43-1503 Operational requirements for school tuition organizations
2.1K chars
A. A certified school tuition organization must be established to receive contributions from taxpayers for the purposes of income tax credits under sections 43-1183 and 43-1184 and insurance premium tax credits under sections 20-224.06 and 20-224.07 and to pay educational scholar…
A.R.S. § 43-1504 Special provisions; corporate donations for low-income scholarships; rules
5.1K chars
A. A school tuition organization that receives contributions from a corporation for the purposes of section 20-224.06 or 43-1183 must use at least ninety percent of those contributions to provide educational scholarships or tuition grants only to children whose family income does…
A.R.S. § 43-1505 Special provisions; corporate donations for displaced students and students with disabilities; definition
2.3K chars
A. A school tuition organization that receives contributions for the purposes of section 20-224.07 or 43-1184 must use at least ninety per cent of those contributions to provide educational scholarships or tuition grants to qualified students. B. The amount of an educational scho…
A.R.S. § 43-1506 Annual report; posting
2.4K chars
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 20-224.06, 20-224.07, 43-1…
A.R.S. § 43-1507 Audits and financial reviews
2.2K chars
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…
A.R.S. § 43-1601 Definitions
1.0K chars
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
2.9K chars
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
6.9K chars
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
2.4K chars
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
2.2K chars
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…
A.R.S. § 43-1701 Definitions
1.5K chars
1. "Arizona small business" means an activity that generates Arizona small business gross income. 2. "Arizona small business adjusted gross income" of a resident taxpayer means the Arizona small business gross income subject to the adjustments provided in article 3 of this chapte…
A.R.S. § 43-1702 Rules
0.1K chars
The department may adopt rules and publish and prescribe forms necessary to administer this chapter.
A.R.S. § 43-1711 Taxes and tax rate
0.5K chars
1. For taxable years beginning from and after December 31, 2020 through December 31, 2021, an amount equal to 3.5% of the Arizona small business taxable income. 2. For taxable years beginning from and after December 31, 2021 through December 31, 2022, an amount equal to 3.0% of t…
A.R.S. § 43-1721 Additions and subtractions to Arizona small business gross income
0.0K chars
[Repealed or reserved.]
A.R.S. § 43-1731 Deductions
0.0K chars
[Repealed or reserved.]
A.R.S. § 43-1741 Credit for income taxes paid to other states; definitions
7.0K chars
1. The credit is allowed only for taxes paid to the other state or country on income that is derived from sources within that state or country and that is taxable under its laws irrespective of the residence or domicile of the recipient. 2. The credit is not allowed if the other …
A.R.S. § 43-1742 Individual income tax credits; applicability
0.0K chars
[Repealed or reserved.]
A.R.S. § 43-1751 Nonresidents
0.0K chars
[Repealed or reserved.]