AZ HB2254

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

Changes the annual cap increase formula from a flat 20% increase to a cap that cannot exceed 1% of the total amount the legislature appropriates from the state general fund in that fiscal year.

Maintains the existing $10,000,000 initial cap for fiscal year 2006-2007 with annual increases, but adds the constraint that the cap in any fiscal year shall not exceed 1% of general fund appropriations.

Applies retroactively to June 30, 2019.