The EITC (Educational Improvement Tax Credit) Program enables Pennsylvania businesses to directly invest in the education of our children through scholarships. The application process is simple, and the benefits to our students and their families are transformational.
WHO QUALIFIES FOR EITC?
Any business authorized to do business in Pennsylvania that is subject to one or more of the following taxes: Personal Income Tax of S Corp shareholders or partners in a general or limited partnership, Corporate Net Income Tax, Bank & Trust Company Shares Tax, Insurance Premiums Tax, Capital Stock Franchise Tax, Title Insurance Company Shares Tax, Mutual Thrift Institutions Tax.
HOW DOES EITC BENEFIT MY BUSINESS?
Eligible businesses can receive a tax credit equal to 75% of their contribution to Camphill Special School. This credit increases to 90% if the business commits to give the same amount for two consecutive years.
HOW DOES THIS PROGRAM BENEFIT CAMPHILL SPECIAL SCHOOL?
Funds donated by businesses will support our financial aid program for Pennsylvania students who lack governmental or personal resources.
HOW DOES A BUSINESS APPLY?
The process is simple, but deadlines and timely compliance must be emphasized. Applications must be submitted on July 1 for all firs-time business applicants. To participate in the EITC program, visit the Department of Community and Economic Development (DCED) website to complete an online application.