AZ HB2553

Elects Arizona to participate in the federal tax credit program under Section 25F of the Internal Revenue Code for individuals who contribute to scholarship granting organizations, effective for tax years beginning after December 31, 2026.

Requires the Arizona Department of Revenue to comply with all federal laws and regulations and submit required information annually to the U.S. Secretary of the Treasury to maintain state eligibility.

Allows nonprofit organizations with 501(c)(3) status (or pending applications) to apply to the Department of Revenue for certification as scholarship granting organizations.

Mandates the Department of Revenue to submit a certified list of scholarship granting organizations to the U.S. Treasury and post it on the department's website by January 1 each year.

Authorizes certified scholarship granting organizations to provide scholarships to eligible students for qualified elementary or secondary education expenses as permitted under federal law, beginning January 1, 2027.