AZ HB2063

Increases the minimum allocation of annual revenues that school tuition organizations must dedicate to educational scholarships or tuition grants from 90% to 95% for contributions made under multiple tax credit sections.

Modifies the tax credit cap increase formula beginning in fiscal year 2016-2017 to use the greater of either the annual increase in the metropolitan Phoenix consumer price index or 2%, replacing the previous flat 20% annual increase through fiscal year 2015-2016.

Adds requirements for school tuition organizations to post on their websites the percentage and dollar amount of scholarships awarded to students meeting different income thresholds under the national school lunch program.

Prohibits school tuition organizations from awarding scholarships solely based on donor recommendations and requires organizations to consider financial need when evaluating applications.

Adds a requirement that school tuition organizations cannot award scholarships to students simultaneously enrolled in both public/charter schools and qualified private schools.