AZ SB1168

Increases the School Tuition Organization (STO) tax credit cap annual growth rate from a flat 20% through fiscal year 2018-2019 to the greater of either the metropolitan Phoenix consumer price index or 2% annually beginning in fiscal year 2019-2020.

Raises the minimum allocation of STO revenues for educational scholarships from 90% to 95% for contributions made under sections 20-224.06, 20-224.07, 43-1183, 43-1184, 43-1089, and 43-1089.03.

Changes the low-income student qualification threshold from 185% of the national school lunch program eligibility level to 133% of the federal poverty guidelines for students receiving scholarships from corporate contributions.

Expands low-income reporting requirements to require STOs to publicly display on their websites the percentage and dollar amount of scholarships awarded to students at or below the federal poverty guidelines and those between the poverty line and 133% of the federal poverty guidelines.

Applies all changes retroactively to June 30, 2019.