Tax Credit Programs

Educational Improvement Tax Credit Program

The EITC program provides companies with a 75 percent tax credit for donations to a nonprofit scholarship or educational improvement organization. The tax credit increases to 90 percent if the same commitment is made for two consecutive years. A company paying taxes in Pennsylvania can receive up to $750,000 in tax credits.

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Opportunity Scholarship Tax Credit Program

Modeled after the popular EITC program, the OSTC program provides tuition assistance to Pennsylvania children who live within the attendance boundaries of a low-achieving public school. A low-achieving school is defined as a public elementary or secondary school ranking in the bottom 15 percent of their designation as an elementary or secondary school based upon combined math and reading Pennsylvania System of School Assessment (PSSA) scores.

Similar to the EITC program, the OSTC program awards Pennsylvania businesses a tax credit of 75 percent (up to a maximum of $750,000 per taxable year) if the gift is made for one year or 90 percent if the company commits to making the same donation for two consecutive years. OSTC funds are available in addition to any credits received under the EITC program. Total program funding is $50 million.

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Central Pennsylvania Scholarship Fund

This fund works with several Special Purpose Entities (SPE), which allows individuals or couples to receive Pennsylvania EITC tax credits up to your individual joint liability. The SPE offers membership to individuals/couples with a minimum Pennsylvania tax liability of $3,500 annually. Individuals/couples must donate at least $3,500 annually to participate in this program.

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