What is the Educational Improvement Tax Credit (EITC) Program? 

The Program was implemented in 2001 and provides tax credits to eligible businesses contributing to approved scholarship organizations or educational improvement organizations.  The EITC Program is administered by the Pennsylvania Department of Community and Economic Development (DCED) on a first-come, first-served basis.

What businesses qualify to participate in the Program?

Entities eligible to apply for EITC are operating businesses autho rized to do business in the Common wealth of Pennsyl vania that are subject to the following taxes: Corpo rate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax, Title Insur ance Companies Shares Tax, Insur ance Premiums Tax, or Mutual Thrift Institutions Tax.

How much of a tax credit can I get for my business?

A business may receive a tax credit equal to 100% of the first $10,000 contributed to a Pre-K Scholarship Organization(s) during the taxable year, and may receive a tax credit equal to 90% of any additional amount contributed during the taxable year, up to a maximum of $150,000 of tax credits per taxable year. 

How do I learn more?

Visit the DCED's website at: www.newpa.com and search EITC to access more information, including the EITC Business Guidelines.