AZ SB1239

Amends Arizona Revised Statutes Section 43-1089.03 to correct a subsection reference from "subsection I" to "subsection G" regarding voluntary cash contributions to certified school tuition organizations.

Maintains the existing tax credit limits of $500 for single individuals/heads of household and $1,000 for married couples filing jointly for donations to school tuition organizations.

Preserves provisions prohibiting taxpayers from designating contributions for the direct benefit of their own dependents or agreeing with other taxpayers to indirectly benefit their dependents.

Allows unused tax credits to be carried forward for up to five consecutive taxable years and permits contributions made by the 15th day of the fourth month following year-end to apply to either the current or preceding taxable year.

Clarifies that a taxpayer cannot claim credits under both this section and Section 43-1089 for the same contribution, with specific rules for contributions exceeding allowable credit amounts.