Arizona HB2553 authorizes the state to participate in a federal tax credit for contributions to scholarship granting organizations.

Arizona HB2553 amends the Arizona Revised Statutes to allow the state to participate in a federal tax credit for individual contributions to scholarship granting organizations. The bill requires the Arizona Department of Revenue to certify nonprofit organizations as scholarship granting organizations and submit a list of these organizations to the United States Secretary of the Treasury annually. Certified organizations can provide scholarships for qualified elementary or secondary education expenses starting from December 31, 2026.

Arizona HB2553 authorizes the state to participate in a federal tax credit for contributions to scholarship granting organizations.

Arizona HB2553 amends the Arizona Revised Statutes to allow the state to participate in a federal tax credit for individual contributions to scholarship granting organizations. The bill requires the Arizona Department of Revenue to certify nonprofit organizations as scholarship granting organizations and submit a list of these organizations to the United States Secretary of the Treasury annually. Certified organizations can provide scholarships for qualified elementary or secondary education expenses starting from December 31, 2026.