AZ HB2660

Increases the income tax credit limit for contributions to school tuition organizations from $1,500 to $1,500 for single individuals and heads of household.

Increases the income tax credit limit for married couples filing joint returns to $3,000 for any taxable year (previously $1,000 starting in 2006).

Allows taxpayers to claim the credit against state income tax liability and carry forward unused credits for up to five consecutive years.

Requires school tuition organizations to report contributions and scholarship awards electronically to the Department of Revenue by February 28 each year.

Moves the review of section 43-1089 from years ending in 2 and 7 to years ending in 3 and 8 for the joint legislative income tax credit review committee schedule.