Education Improvement Tax Credits – EITC

Convert your business tax dollars into support for BCP Education initiatives
by enrolling in the Education Improvement Tax Credit (EITC) program.

EITC provides companies with a 75% state tax credit for donations to an approved non-profit educational improvement organization that enhances the lives of children in their immediate communities. The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. For more information, visit the Pennsylvania Department of Community and Economic Development website (linked here).

Eligibility

If your business is authorized to operate in Pennsylvania and pays one or more of the following taxes, you may be eligible for the Pennsylvania EITC program.

  • 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

 

How to Apply

The business application guide from the Department of Community and Economic Development (DCED) explains the process of applying.

Additional help can be received from the DCED by calling (717) 787-7120.

With questions, please contact our Advancement Department at (267) 740-2149.