AZ HB2208

Amends Arizona Revised Statutes section 43-1183 to modify the corporate income tax credit cap for contributions to school tuition organizations.

Changes the annual increase mechanism for the tax credit cap from a fixed twenty percent increase to a cap that cannot exceed one percent of the total state general fund appropriation in any fiscal year.

Maintains the existing preapproval process requiring taxpayers to notify school tuition organizations of intended contribution amounts before making donations and requiring department of revenue approval within twenty days.

Preserves the five-year carryforward provision for unused credits and existing restrictions on credit claiming, including prohibitions on designating contributions for specific students.