AZ HB2029

Increases the minimum percentage of annual revenues that school tuition organizations (STOs) must allocate to educational scholarships or tuition grants from 90% to 93% for contributions made under specified tax credit sections.

Modifies language throughout sections 43-1502 through 43-1603 to replace "ninety percent" with "ninety-three percent" and standardizes terminology (e.g., "e-mail" to "email", "per cent" to "percent").

Requires STOs to include on their websites the percentage and total dollar amount of scholarships awarded to students meeting federal free/reduced-price lunch income thresholds and those at 185% of that threshold.

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

Clarifies that STOs cannot award scholarships solely based on donor recommendations, though donors may recommend beneficiaries for consideration among other factors.