Educational Improvement Tax Credit
Make your tax dollars work for The Lotus School
The Educational Improvement Tax Credit (EITC) program allows qualified businesses to fulfill their state tax burden while supporting the financial aid budget.
What is EITC?
Am I eligible?
If your business is authorized to operate in Pennsylvania and pays one of the following taxes, you can register to be eligible for the Pennsylvania EITC program and the Pennsylvania Opportunity Tax Credit (OSTC).
- 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 can my business register?
The one-page application is now available online from the Pennsylvania Department of Community and Economic Development (DCED). The website provides further information about the program as well as the application form (EITC Business Guidelines). Additionally, you can call the DCED at 717.787.7120 for a copy of the application.
Who do I contact with questions?
At the Department of Community and Economic Development, call 717.787.7120 or find more information online at https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc/
Important additional information:
An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter.
Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and are not refundable nor transferable.