Corporations make a difference!
Pre-approved corporate donations for the 2018-2019 school year opens July 2, 2018 at 10:00 A.M. and will be accepted on an “as received” basis until the low-income cap of $89,161,006 and the disabled/displaced cap of $5,000,000 has been reached for fiscal year 2018/19.
Donations from corporations and LLC’s can only be made after approval is obtained from the AZDOR due to the cap. Once approved, we will notify the corporate donor and must receive the corporate donor’s check in our office within 20 days from the date of approval. Further instructions will be provided upon acceptance of the corporate donation by AZDOR.
Current law states that an S Corporation donation for a tax credit must make a minimum aggregate contribution of $5,000.00 within their taxable year to pass the credit through to its shareholders.
All corporation seeking pre-approval of a donation are required to partially complete the form below checking the first box indicating the appropriate ARS Statute (Low Income or disables/displaced) and the “Corporation requesting to donate” section and submit via email. Our office will complete the remainder of the form and submit it directly to AZDOR. Submissions from you or your clients directly to AZDOR will not be accepted.
PLEASE submit forms at any time to us but no later than close of business Thursday, June 28, 2018 to allow for processing time.
AZDOR TAX CREDIT forms and instructions can be found at https://www.azdor.gov/Forms/Credits.aspx.