About the EITC Program

About EITC

What is EITC?

This program, run through the Commonwealth of Pennsylvania, was designed to offer tax credits to  eligible businesses with the credits being designated to an Educational Improvement Organization.  Provident Charter School Foundation is an approved educational improvement organization and is  qualified to receive donations from corporations for financial aid through the EITC program.

How does it work?

The Commonwealth of Pennsylvania awards businesses tax credits for making a contribution to approved organizations. Provident Charter School Foundation is the approved organization for Provident Charter School. Businesses can get a tax credit equal to 75% of its contribution up to $300,000 per taxable year. This can be increased to 90% if business agrees to provide the same contribution for two consecutive years.

How do School students benefit?

Provident Charter School is a tuition free, public school designed for educating students with language-based learning differences such as dyslexia. Donations received from corporations will be used for innovative programs that will benefit all students.

How can YOU help?

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes: Corporate Net Income Tax; Bank and Trust Company Shares Tax; Title Insurance Companies Share Tax; Insurance Premiums Tax; Mutual Thrift Institution Tax; or Personal Income Tax of S corporation shareholders or Partnership partners can apply for the EITC program.

Where can you find more information?

Work with your financial manager to determine if you are eligible and then contact: DCED Center for Business Financing, Tax Credit Division, 4th Floor, Commonwealth Keystone Building, 400 North Street, Harrisburg, PA 17120. Phone: (717) 787-7120 or RA-EITC@pa.gov.  Applications are approved on a first-come, first-served basis by date received. Applications cannot be accepted before July 1 and tax credits are awarded on a first come, first served basis.

If you are a first time applicant or a renewal applicant, we encourage you to fax your application to the PA Department of Community Economic Development at (717) 772-3581 or email to RA-EITC@pa.gov.  For more information, go to www.newpa.com/EITC.

Other Important Information:

You have 60 days to make your contribution to Provident Charter School Foundation after approval. The Provident Charter School Foundation will then submit proof of your contribution to you for submittal to the Department of Economic Development. Proof must be provided to the 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 or transferable.