Pennsylvania EITC
EITC stands for Educational Improvement Tax Credit, a program offered by the Pennsylvania Department of Community and Economic Development (DCED) that allows businesses to receive significant tax credits when they contribute to state-qualified educational programming at The Pittsburgh Cultural Trust.
What programs are supported by EITC funding?
You could earn from
$10,000 to $300,000 in tax credits this year?
With new legislation passed in 2008, participating businesses can earn up to $300,000 in tax credits per tax year, with a 75% tax credit on their gift, or a 90% tax credit on their gift with a two-year agreement. S Corporations are also now eligible for this program.
Your business may be eligible to apply if it pays any of the following Pennsylvania taxes:
It Is Easy To Apply!
Step 1: Consult with tax advisor and determine eligibility
Step 2: Fill out a simple one-page form
Step 3: Submit application to the DCED on July 1, 2010*
•
Corporate Net Income Tax
•Capital Stock Franchise Tax,
•Bank and Trust Company Shares Tax,
•Title Insurance Companies Shares Tax,
•Insurance Premiums Tax, or
•Mutual Thrift Institutions Tax
