AZ HB2060

Requires school tuition organizations (STOs) to award at least 66% of scholarships from contributions to students whose family income does not exceed 185% of the federal reduced-price lunch income threshold.

Adds new compliance violation for STOs that fail to meet the 66% means-testing requirement, subjecting organizations to notice and potential removal from the certified list.

Requires STOs to display on their website the percentage and dollar amount of scholarships awarded to students in two income categories based on federal lunch program thresholds.

Applies the 66% means-testing requirement separately to contributions made under both tax credit sections (43-1089 and 43-1089.03).

Modifies audit requirements to evaluate STO compliance with the new means-testing provisions and income threshold requirements.