Educational Improvement Tax Credit Program
What is EITC?
The Pennsylvania EITC program allows a business to divert its state taxes to education programs. To do this, the business pledges to make a gift through the EITC program, receives approval to do so, then selects an approved organization (such as Hawk Mountain) and fulfills the gift. The Pa Department of Community and Economic Development then gives the business a tax credit of up to 90 percent--it's a win-win!
Download the EITC Application now.
Is Your Company Eligible?
A company is eligible to participate in EITC if the company pays one of these six taxes:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
How Do You Participate
Complete the one-page application form, available by calling the Department of Community and Economic Development at 717-787-7120 or online at www.newpa.com/EITC. On the EITC page, find information and an application by clicking EITC Business Guidelines.
When Should You Apply
Applications are due on (not before) July 1 of each year. Your business must be approved before you make a gift and receive tax credits.
Hawk Mountain is happy to hand deliver your completed form in Harrisburg on July 1.