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 for various educational purposes until June 30, 2024. The bill seeks to extend this deadline to June 30, 2029, thereby allowing public schools to continue using these funds for additional specified purposes, including the acquisition of capital items, community school meal programs, student health care supplies, and playground equipment.

Furthermore, the bill includes a retroactive application clause, stating that the changes would take effect from July 1, 2024. This means that any contributions made after this date would be eligible for the extended purposes outlined in the bill. The proposed amendments also involve making conforming changes to ensure consistency within the statute. Overall, the bill aims to provide continued support for public school funding through tax credits for a longer period.

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