This bill proposes to amend section 43-1089.01 of the Arizona Revised Statutes, specifically extending the authorized purposes for which contributions to the Public School Extracurricular Activity Fees Tax Credit can be used. Currently, the statute allows these contributions to be utilized until June 30, 2024. The bill would change this expiration date to June 30, 2029, thereby allowing public schools to continue using these funds for specified purposes, including the acquisition of capital items, community school meal programs, student consumable health care supplies, and playground equipment.

Additionally, the bill includes a retroactive provision that applies the changes from July 1, 2024, ensuring that the extended timeline is effective from that date. The bill also makes conforming changes to the existing statute to reflect these updates. Overall, the legislation aims to provide continued financial support for public schools through the tax credit program while ensuring that the specified uses of the contributions remain relevant and beneficial until 2029.

Statutes affected:
Introduced Version: 43-1089.01
Senate Engrossed Version: 43-1089.01