Action Pages Are LiveDecember 1, 2021
IBE Featured School: Desert Christian SchoolMarch 9, 2022
ATTENTION BUSINESS OWNERS
I hope I have your attention because your opportunity to claim a dollar-for-dollar Corporate tax credit is almost gone until July of next year. The Arizona businesses eligible to take this credit are:
- C-Corporations – up to business full state liability
- S-Corporations – up to the full state liability of all shareholders personally
- LLCs that file taxes as an S-Corporation -up to the full state liability of all shareholders personally
- Most Insurance Companies - up to business full state liability
Each year Arizona puts a cap on how much funding Arizona businesses can donate while receiving a dollar-for-dollar tax credit. This year, to help low income families, there was a total just over $135 million dollars available. It is now less than $8 million and with so many businesses with a fiscal year ending in December, they are now claiming this credit quickly. Your donation, which does not cost you anything as it is the same money you would use to pay your Arizona state taxes, will make a difference in so many Arizona children’s lives. You can be the difference between them not able to excel in school or thriving. You can recommend your tax credit donation to either IBE’s general fund in order to help some of Arizona’s most vulnerable children throughout the entire state, of even a specific Arizona private school or schools. Taking control of your Corporate state taxes will allow you to choose how those dollars are spent, while putting children first.
Please contact our team member in charge of Corporate Donor Relations, Lupita Rocha at firstname.lastname@example.org to learn more.