S T A Y
School Tuition Association of Yuma, Inc.
NOTICE
A school tuition organization cannot award, restrict or reserve scholarships solely on the basis of a donor 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.

Corporate Tax Credit Procedure
    The state approves corporate requests on a first come first serve basis. The cap for July 1, 2013 thru June 30, 2014 is $35.831 million. To make a donation, please follow the steps provided.

  1. Contact STAY with the following information:
    1. Name of the corporation requesting to make the donation.
    2. Amount the corporation wishes to donate.
    3. Corporate mailing address.
    4. Corporate federal tax id.
    5. Does the corporation pay insurance premium tax?

  2. STAY will complete a corporate donation application to the Arizona Deparment of Revenue.

  3. DOR has 20 days to approve the contribution and notify STAY.

  4. STAY will notify the corporation if they are approved by the DOR, and then the corporation has 20 days to send the contribution. After 20 days, the state approval expires and the corporation must start the process over again.

  5. You will receive a receipt to be used in lieu of the payment of Arizona income tax.

  • Donations are not limited, only the tax credit is limited. Corporate donations made to STAY would be treated the same as a donation to any other 501(c)3 charitable organization.

Programs
  1. Low-Income Corporate Tax Credit
    • Eligibility is limited
      1. The student must meet one of the following criteria:
        • Dependent of an active duty member of the US Armed Forces who is stationed in AZ pursuant to military orders.
          - or -
        • Enrolls in a qualified private school Kindergarten program.
          - or -
        • Attended a public school for 90 days of the prior school year and transferred to a qualified private school.
          - or -
        • Received a scholarship from a Corporate Low-Income program - OR - an Original Individual program, issued by an Arizona STO, and had uninterupted continual enrollment in a qualified private school.

        2. - AND -

      2. AND the family must meet the following income guidelines based on household size and income.
        • Federal Low Income Guidelines
          Household Size Income Limit
          2 $53,082.98
          3 $66,841.43
          4 $80,599.88
          5 $94,358.33
          6 $108,116.78
          7 $121,875.23
          8 $135,633.68
          9 $149,392.13
          10 $163,150.58
          ** Add $13,758.45 for each additional household member.
Need More Information?
    See the Help Center and FAQ for more information.
Links
FAQ
Legislation

Forms
Scholarship Application
Attendance Verification
Scholarship Verification

Contact Us

P.O. Box 515 • Yuma, AZ 85366 • (928) 782-5786 • FAX (928) 783-8251