Business Guidelines
Entities eligible to apply for EITC are operating business firms authorized to do business in the Commonwealth of Pennsylvania.
Entities eligible to apply for EITC are operating business firms authorized to do business in the Commonwealth of Pennsylvania that are subject to the following taxes: Personal Income Tax, Capital Stock/Foreign Franchise Tax, Corporate Net Income Tax, Bank Shares Tax, Title Insurance & Trust Company Shares Tax, Insurance Premiums Tax (excluding unauthorized, domestic/foreign marine), Mutual Thrift Tax, Malt Beverage Tax, or Surplus Lines Tax.
A business firm will be approved for available tax credits equal to 75% of its contribution(s) to Valley School, up to a maximum of $750,000 per taxable year, if the business firm agrees at the time of application to provide the same amount for two consecutive years.
For more information on business guidelines and deadlines, please visit:
https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc
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