Tax Credit Program (EITC)

GET TAX CREDITS!

Your business could donate to Butler Catholic School and pay fewer tax dollars as a result. The Pennsylvania Educational Improvement Tax Credit (EITC) makes it possible.

The EITC Program enables companies to support nonprofit schools like Butler Catholic at minimal cost. Instead of sending tax dollars to Harrisburg, companies can reallocate them to support our school’s financial aid program.

-PA provides generous tax credits to eligible businesses that contribute

-Tax credits start at 75% of donation for 1-year period

-Tax credits increase to 90% of donation for 2-year period

-Credits can be applied to as much as $300,000

Butler Catholic School is an approved scholarship organization and has already received support through the EITC Program. The Commonwealth of Pennsylvania has allocated millions of dollars in tax credits to the EITC program for 2016-2017.  Funds are disbursed on a first-come-first-served basis, and the deadline for applications is June 30.

Who? 
You might be surprised.  Businesses ranging from neighborhood pharmacies, to mid-sized companies, to large corporations all are eligible.  This includes the following types of businesses:

  • C-Corporations (taxed at the corporate level)
  • S-Corporations
  • Partnerships
  • Sole Proprietors
  • Limited Liability Companies (LLCs)
  • Subchapter S corporations and other business entities that pay their State business taxes under the personal income tax on PA business income can also now fully participate.

How?
A business applies to participate by completing a simple one-page application form (Appendix 1-SO). The form MUST BE COMPLETED ELECTRONICALLY online through the Department of Community and Economic Development’s (“DCED”) website www.newpa.com/eitc. For further information or questions, you can reach DCED at (717)787-7120.

With your help students can have the Butler Catholic education they deserve!