AZ HB2293

Increases the minimum percentage of annual revenues that School Tuition Organizations (STOs) must allocate to educational scholarships or tuition grants from 90% to 95% for contributions under sections 20-224.06, 20-224.07, 43-1183, 43-1184, 43-1089, and 43-1089.03.

Prohibits STOs from awarding scholarships to students simultaneously enrolled in both district/charter schools and qualified schools.

Requires STOs to include disclosure notices in fundraising materials and applications stating that scholarships cannot be awarded solely based on donor recommendations and that taxpayers cannot swap donations to benefit their own dependents.

Prohibits STOs from allowing donors to designate student beneficiaries as a condition of contribution and restricts consideration of donor recommendations to one factor among many in scholarship decisions.

Applies the same operational requirements and oversight standards to both income tax credit STOs (chapters 43-1502 through 43-1505) and insurance premium tax credit STOs (chapters 43-1602 through 43-1603).