EITC Information for Businesses
Pennsylvania’s Educational Tax Credit Programs offer businesses the opportunity to contribute to a Scholarship Organization, an Educational Improvement Organization, Pre-Kindergarten Scholarship Organization and/or Opportunity Scholarship Organization. Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
Tax credits equal to 75 percent of its contribution up to a maximum of $750,000 per taxable year. Can be increased to 90 percent of the contribution, if the business agrees to provide the same amount for two consecutive tax years. For contributions to Pre-Kindergarten Scholarship Organizations, a business may receive a tax credit equal to 100 percent of the first $10,000 contributed and up to 90 percent of the remaining amount contributed up to a maximum credit of $200,000 annually.
Pennsylvania businesses apply for the educational tax credit programs through the Pennsylvania Department of Community and Economic Development (DCED) electronic single application system.
May 15 – Business applicants who have fulfilled their 2-year commitment and wish to renew their 2-year commitment.
May 15 – Businesses who are in the middle of their 2-year commitment.
July 1 – All other businesses including initial applicants and those applicants wishing to submit an additional application on top of their previously submitted 2-year commitment.
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
- Personal Income Tax
- Capital Stock/Foreign Franchise Tax
- Corporate Net Income Tax
- Bank Shares Tax
- Title Insurance & Trust Company Shares Tax
- Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
- Mutual Thrift Tax
- Malt Beverage Tax
- Retaliatory Fees under section 212 of the Insurance Company Law of 1921
Interested in a Non-EITC contribution? Bridge Foundation is an approved 501 c 3 non-profit organization and contributions are tax deductible. Due to our ever-growing scholarship waiting list, we have expanded our fundraising to invite individuals and foundations to partner with us in providing scholarships.