§ 43-1605 – Audits and financial reviews
43-1605. Audits and financial reviews 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 accepted auditing standards and […]
§ 43-1701 – Definitions
43-1701. Definitions In this chapter, unless the context otherwise requires: 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 chapter. […]
§ 43-1702 – Rules
43-1702. Rules The department may adopt rules and publish and prescribe forms necessary to administer this chapter.
§ 43-1721 – Additions and subtractions to Arizona small business gross income
43-1721. Additions and subtractions to Arizona small business gross income In computing Arizona small business adjusted gross income, the additions and subtractions provided in sections 43-1021 and 43-1022 shall be made but only to the extent the additions and subtractions directly relate to Arizona small business gross income. The subtraction provided in section 43-1022, paragraph […]
§ 43-1504 – Special provisions; corporate donations for low-income scholarships; rules
43-1504. Special provisions; corporate donations for low-income scholarships; rules 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 not exceed one hundred […]
§ 43-1505 – Special provisions; corporate donations for displaced students and students with disabilities; definition
43-1505. Special provisions; corporate donations for displaced students and students with disabilities; definition 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 […]
§ 43-1506 – Annual report; posting
43-1506. Annual report; posting 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, 43-1183 and 43-1184: 1. The name, address and contact person of […]
§ 43-1507 – Audits and financial reviews
43-1507. Audits and financial reviews 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 accepted auditing standards and […]
§ 43-1601 – Definitions
43-1601. Definitions 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. " Qualified school" means a preschool that […]
§ 43-1602 – Certification as a school tuition organization
43-1602. Certification as a school tuition organization 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 certify the school tuition […]