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"Arizona CORPORATIONS may soon pay no state taxes at all because the Senate cannot agree on a cap. “The law will allow corporations to divert more than “$89 million this year, $107 million next year and $128 million the year after that. Instead of paying taxes, they can subsidize private & religious schools. This means the state will have less money for its underfundedpublic schools, which enroll nearly 90% of the state’s children.“But Senate Bill 1467 was missing the promiseS made earlier to eliminate a provision in the law that, if not capped, could eventually mean corporations would pay nothing into the state treasury. Pitched IN 2015 as a small tax-credit program to help poor and disabled students attend private schooL -- 18 years later -- $140 million is now being diverted from the state treasury, most of it to pay private-school tuition for non-poor, non-disabled students."
At dianeravitch.net
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