The proposed bill, if enacted, would amend the current statutes regarding qualifying charitable organizations (QCOs) and the services they provide. Specifically, it would modify the definition of a QCO to require that these organizations not only spend but also direct at least 50% of their budget towards services for Arizona residents who receive Temporary Assistance for Needy Families (TANF) benefits, are low-income, or have chronic illnesses or disabilities. Additionally, the bill would eliminate the existing definition of "services" for QCOs and instead apply the broader definition currently used for qualifying foster care charitable organizations (QFCOs), which includes a wider range of assistance such as behavioral health services and character education programs.

Furthermore, the bill would redefine "job training services" to include both job placement and job training services, as well as specify that these services encompass vocational preparation and training aimed at obtaining a high school equivalency diploma. The bill also makes various technical and conforming changes to ensure consistency within the statutes. Overall, these updates aim to enhance the effectiveness of tax credits for contributions to QCOs by broadening the scope of eligible services and reinforcing the commitment of these organizations to serve vulnerable populations in Arizona.

Statutes affected:
Introduced Version: 43-1088