EITC Contributions

Do you know that you can contribute up to 90% of your state tax bill to a scholarship organization that will forward 95% of that money to Bible Baptist School? Act 48 of 2003 established the Educational Improvement Tax Credit (EITC) that allows you to support private schools in the state of Pennsylvania with your tax dollars. Many of our friends have said they would rather give the money to us rather than the state.

Funding

Tax credits to 75% of its contribution up to a maximum of $300,000 per taxable year.

This can be increased to 90% if the business agrees to provide the same amount for two consecutive years.

Eligibility

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

Corporate Net Income Taxes
Capital Stock Franchise Tax
Bank and Trust Company Share Tax
Title Insurance Companies Share Tax
Mutual Thrift Institution Tax
Personal Income Tax of S corporation shareholders or Partnership partners

Application

Apply by clicking here, accessing the link under Guidelines, and scrolling  to the bottom of the EITC Program information to access, print and/or eletronically fill out the Appendix I-SO application.

Send to:

DCED Center for Business Financing-Tax Credit Division
Commonwealth Keystone Building - 4th Floor
400 North Street
Harrisburg, PA  17120-0225

Additional information can be found at www.newpa.com.