57-18 Exhibit - Urging State of New Jersey to Implement Charitable Trust in Lieu of Local Taxes Plan.pdf

State Title  of  Credit Description Amount  of  Credit Statute Arizona Contributions  to  private   Contributions  to  a  school  tuition   For  tax  year  2016,  up  to  $545  for  a   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ school  tuition   organization  (STO) single  individual  or  head  of   1089 organization household    or  $1,090  for  a  maried   couple  filing  jointly;  these  figures   are  adjusted  annually  for  inflation. Arizona Contributions  to  certified   Contributions  to  a  school  tuition   For  tax  year  2016,  up  to  $542  for  a   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ school  tuition   organization  (STO),  if  the   single  individual  or  head  of   1089.03 organization  -­‐-­‐  individual taxpayer's  contribution  to  an   household    or  $1,083  for  a  maried   STO  exceeds  the  maximum   couple  filing  jointly;  these  figures   contribution  allowed  for  the   are  adjusted  annually  for  inflation;   credit  for  contributions  to   unused  credit  may  be  carried   private  STO foward  for  up  to  five  years. Arizona Pro  rata  credit  for   Pro  rata  amount  of   Co-­‐Owners  of  the  S  corporation  may   Ariz.  Rev.  Stat.  Ann.  §  43-­‐

 rata  credit  for   Pro  rata  amount  of   Co-­‐Owners  of  the  S  corporation  may   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ contributions  by  an  S   contributions  made  by  an  S   each  claim  the  pro  rata  share  of  the   1089.04 corporation  to  school   corporation  pursuant  to  Ariz.   credit  allowed  under  the  relevant   tuition  organizations Rev.  Stat.  Ann.    §43-­‐1183(F)  or   corporate  tax  statutes  based  on   Ariz.  Rev.  Stat.  Ann.    §43-­‐1184(F)   their  ownership  interests;  the  total   or  both  (§43-­‐1183  provides  a   credits  allowed  to  all  the  owners   corporate  income  tax  credit  for   may  not  exceed  the  amount  that   voluntary  cash  contributions  to   would  have  been  allowed  a  sole   a  certified  school  tuition   owner  of  the  corporation;  unused   organization,  and  §43-­‐1184   credit  may  be  carried  forward  to  up   provides  a  corporate  income  tax   to  five  years credit  for  voluntary  cash   contributions  to  certified  school   tuition  organizations  for   displaced  students  or  students   with  disabilities). Arizona Contributions  made  or   Contributions  made  (or  fees   Up  to  $200  for  a  single  individual  or   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ fees  paid  to  public  

made  (or  fees   Up  to  $200  for  a  single  individual  or   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ fees  paid  to  public   paid)  to  a  public  school  in   head  of  household  or  $400  for  a   1089.01 schools Arizona  for:    (1)  standardized   married  couple  filing  jointly;  unused   testing  for  college  credit  or   credit  may  be  carried  forward  to  up   readiness  offered  by  a   to  five  years educational  testing   organization,  (2)  career  and   technical  education  industry   certification  assessment,  (3)   prep.  courses  and  materials  for   standardized  testing,  (4)  CPR   training,  (5)  extracurricular   activities,  or  (6)  character   education  programs. Arizona Credit  for  donation  of  a   Donation  of  real  property  and   30%  of  the  fair  market  value  of  real   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ school  site improvements  to  a  school   property  and  imporovments   1089.02 district  or  charter  school  for  use   donated. as  a  school  or  as  a  site  for  the   construction  of  a  school. Arizona Credit  for  donations  to   For  tax  years  Dec.

 as  a  site  for  the   construction  of  a  school. Arizona Credit  for  donations  to   For  tax  years  Dec.  31,  2007   Up  to  $200  for  a  single  taxpayer   Ariz.  Rev.  Stat.  Ann.  §  43-­‐ the  military  family  relief   through  Dec.  31,  2018,  credit  for   $400  for  a  married  couple  filing   1086 fund docnations  made  to  the  Military   jointly  or  the  amount  of  tax  liability   Family  Relief  Fund. after  all  other  allowable  credits  are   applied,  whichever  is  lowest. Arkansas Contributions  in  Aid  of   Contributions  in  aid  of   33%  of  the  contribution,  no  to   Ark.  Code  Ann.  §  15-­‐4-­‐ Construction  of  Public   construction  of  public  roads   exceed  50%  of  the  net  Arkansas   2306 Roads project  to  the  Public  Roads   state  income  tax  liability  after  all   Incentive  Fund. other  credits  and  reductions  have   been  calculated;  unused  credit  may   be  carried  forward  for  three  years.