Just Around the Corner
Jun 19, 2013
A.R.S. 43-1602 and 1603 requires that all Student Tuition Organizations (STOs) be certified by the Arizona Department of Revenue (AzDOR) in order to receive contributions from taxpayers for the purposes of income tax credits under Sections 43-1089 and 43-1089.03 and to award educational scholarships to help pay for student tuition at private Arizona schools.
Notice: A school tuition organization cannot award, restrict, or reserve scholarships solely on the basis of a donor’s recommendation. A taxpayer may not claim a tax credit if the taxpayer agrees to swap donations with another taxpayer to benefit either taxpayer’s own dependent. A.R.S. 43-1603 (C)
ACSTO, Inc.
PO Box 6580
Chandler, AZ 85246