Educational Improvement Tax Credits
Making a difference for your business. Making a difference for our children.
It’s just good business!
On May 27, 2001, by an overwhelming bi-partisan majority, Pennsylvania made history by becoming the first state to pass an education tax credit aimed at corporations.
HB 996, the Educational Improvement Tax Credit (EITC), provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization. The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. A business paying taxes in Pennsylvania can receive up to $300,000 in tax credits annually. More importantly, the IETC provides Mercy Neighborhood Ministries’ children with high quality programming and a chance for a brighter future.
Learn more about the Educational Improvement Tax Credit Program and how you can help transform lives.
Application for Educational Improvement Tax Credits (Educational Improvement Org)
To learn more or for assistance submitting an application contact Steven Ziegler, Director of Philanthropy at 215.227.4393 ext. 205 or using this form.
Taxes You Can Claim Credits Against
- 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