How must a school use tax credit monies?
Schools must use tax credit monies for both the school and purpose intended by the taxpayer. If schools receive contributions that are not designated for a specific purpose, the site council for the school must determine how the contributions should be used at the school site. If a school does not have a site council, the principal, director or chief administrator of the school must determine how the contributions that are not designated for a specific purpose are used at the school site. To qualify for the tax credit, the purpose must be in support of character education programs (described in A.R.S. 15-719) or extracurricular activities. Extracurricular activities are defined in A.R.S. 15-342(24) as optional, noncredit, educational, or recreational activities which supplement the education program of the school, whether offered before, during, or after regular school hours. Extracurricular activities that are eligible for the tax credit are those school-sponsored activities that requ
