AZ SB1260

Suspends six education-related tax credits for taxable years beginning January 1, 2010 through December 31, 2012, including insurance premium tax credits and individual/corporate income tax credits for school tuition organization contributions.

Suspends the individual income tax credit for public school fees and contributions during the same suspension period.

Prohibits employers from reducing tax withholding from employee compensation or directing reductions to school tuition organizations or public schools to claim income tax credits under sections 43-1089 or 43-1089.01 from the effective date through December 31, 2012.

Designates the act as an emergency measure effective immediately upon enactment.