The state of Arizona allows C-corporations, S-corporations, and insurance companies to participate in the tuition tax credit program for private education.
Companies are allowed a tax credit of up to 100% of their state income or insurance premium tax liability. There is no maximum dollar amount a corporation can take as a credit, as long as it does not exceed the annual statewide cap at the time it applies for its credit
Currently, 52.5 million dollars remains available in the program’s cap for Fiscal Year 2025. The program’s cap for Fiscal Year 2026 is projected to be $135 million.