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This bill expands the number of students
eligible to receive scholarships from Student Tuition Organizations as follows: Low-Income Corporate Tax Credit Expands the types of students eligible to receive a scholarship
from an STO to include students who:
- Were previously homeschooled
- Moved to Arizona from another state
- Received an Empowerment Scholarship
Account (ESA) and are enrolled at a private school for at least 90 days
Increases the individual scholarship or grant cap, beginning in
2019, by the percentage of the annual increase in the Metropolitan Phoenix CPI
or two percent, whichever is greater.
- Currently, the limit increases by
$100 each year.
For students whose family income qualifies them to receive free
or reduced-price lunches, an STO may award a scholarship for the full cost of
tuition. Prohibits an STO from requiring an applicant or the family of an
applicant to provide a good or service that benefits the STO in exchange for a
scholarship. Disabled or Displaced Corporate Income Tax Credit Allows a student to be eligible for an ESA if they received an
STO scholarship and have attended a private school for 90 days.
- Currently, a student is eligible
after attending a public school for 90 days or a full semester at a
private school.
Prohibits students from accepting a scholarship from an STO and
an ESA at the same time. Modifies the maximum allowed amount of each individual
scholarship to cover the full cost of tuition, instead of the lesser of either
the cost of tuition or 90% of the amount of state aid that would have otherwise
been allocated for that student. Empowerment Scholarship Accounts Allows a student to be eligible for an ESA if they received an
STO scholarship and have attended a private school for 90 days. Currently, a student is eligible after attending a public school for 90 days or a full semester at a private school. |
