Donation tax credits mostly benefited schools in wealthy areas

Arizona

Donation tax credits mostly benefited schools in wealthy areas

Posted:

PHOENIX (AP) - Arizona public schools raising the most money from donations that provide the donors with dollar-for-dollar income tax credits tend to be located in more affluent areas of the state.

Meanwhile, many schools in less-affluent raise little or no tax-credit money from the program.

The Arizona Republic (http://bit.ly/1dNrAWp) reports that it drew those conclusions after analyzing a state Department of Revenue database and financial reports submitted by public schools for 2011 and 2012.

Under the tax-credit program, donors giving money to public district and charter schools for extracurricular purposes can obtain annual tax savings of to $200 for individuals and $400 married couples.

There are separate tax credits for donations that benefit students attending private schools.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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