Corporate Tax Credit

Make it your business to help New Way students.

The Arizona Corporate Tax Credit is your corporation’s opportunity to make a difference in the lives of Arizona students. Qualifying corporations receive a dollar for dollar credit against the corporation’s Arizona income tax. There is no cost to participate. Corporations just redirect funds they already pay to the state.

Recently, the Arizona legislature expanded eligibility to participate in the Arizona Corporate Tax Credit to include S-corporations. Now, S-corporations, including LLCs that have elected to be taxed as S-corporations, may contribute to the corporate tax credit program and receive a dollar-for-dollar Arizona income tax credit for their donation. A pro-rata share of the credit may be passed on to shareholders, who may then claim the credit on their individual Arizona income tax return. A minimum donation of $5,000 is required. Eligible companies can make a donation for a tax credit beginning in their 2015 tax year. Contributions are used to provide need-based tuition scholarships for eligible students attending an Arizona private school. While a donor may designate a school, a donor may not designate or recommend individual students for scholarships.

Read the guidelines from the Arizona Department of Revenue

For more information, please contact Steve Neidhart, Director of Finance, at 602.389.8600 or neidhart@newwayacademy.org

A big “Shout Out” to the following companies.

We thank the following corporations who have pledged their support and belief in students with learning disabilities through the Arizona Corporate Tax Credit:

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I am watching my daughter, who has struggled for years in school, finally blossom. It is a dream come true.
-New Way Mom