public school tax credit; purposes

SB 1007 creates a tax credit for Arizona taxpayers who pay specific fees or make cash contributions to public schools. Eligible expenses include standardized testing fees (like SAT/ACT), career certification assessments, extracurricular activity costs (e.g., band uniforms or sports equipment), character education programs, and certain health supplies. The credit is capped at $200 for individuals or $400 for married couples filing jointly, with unused amounts carryable forward for up to five years. This applies to all public schools in Arizona, including charter schools, and covers defined school purposes like college readiness programs and capital items.