Fountain Hills Unified School District Interim Superintendent Dr. Patrick Sweeney clarified details surrounding tax credit payments to the schools during last week’s school board meeting. Sweeney …
You must be a member to read this story.
Join our family of readers for as little as $5 per month and support local, unbiased journalism.
Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
Dr. Sweeney clarifies tax credits
Posted
Fountain Hills Unified School District Interim Superintendent Dr. Patrick Sweeney clarified details surrounding tax credit payments to the schools during last week’s school board meeting. Sweeney added that nothing he said was new, but he was addressing confusion that has been noticeable since the pandemic began.
The first thing Sweeney wanted to communicate is that tax credit fees are non-refundable. When the pandemic first began, there was a multitude of refund requests for the clubs and athletics that were cancelled. Sweeney said this problem was not specific to Fountain Hills.
Tax fund contributions can be transferred from one sport or club to another if the student is unable to participate due to injury or other factors, but the school district can only move the funds if the contributor makes that request.
There also seems to be confusion around who is able to file tax credit contributions on tax returns. Individuals can contribute $200 a year, and married couples can contribute $400 a year as tax contributions. Any other contribution, whether from Trusts, LLCs or businesses, can only be accepted as donations.
Tax credit donations can be done by check, money order, or online using the RevTrak system. RevTrak requires users to note the intended use of the donation, and Sweeney also requested that people fill out the memo section of a written check with their desired purpose as well.
Board members asked Sweeney to put this information on tax credits in a Falcon Focus newsletter to address families directly. The Falcon Focus has more detailed information and was released last Friday, March 11.