Tax Break Could Save Arizona For-Profit Colleges Millions

With Arizona set to impose more budget cuts on its public colleges, legislators in the state are considering legislation that would save for-profit colleges in the state millions in taxes on their online students, the Arizona Republic reported. The legislation would reduce the state income tax that certain businesses pay when they sell services to out-of-state customers, the newspaper reported; officials at the Apollo Group and Grand Canyon Education, both of which are based in Phoenix and have reportedly lobbied for the change, disputed a state estimate that the bill would save them $33 million combined, the Republic said.