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HELP OUR STUDENTS CONTINUE TO SOAR:

Here’s how to make your state tax dollars work for ELANCO School District

 

Pennsylvania’s Educational Improvement Tax Credit Program (EITC) allows qualifying businesses to redirect their state taxes from the Commonwealth of Pennsylvania to ELANCO School District, where they will be put toward financial aid for our students who qualify. It’s a terrific, nearly cost-free opportunity to make a difference in the lives of our students.

WHAT IS EITC?

 

EITC provides Pennsylvania companies with a 75% tax credit for donations to a non-profit scholarship organization like Spartan Foundation for Education. If your business commits to making the same donation for two consecutive years, your tax credit increases to 90%.

WHO IS ELIGIBLE?

 

Pennsylvania businesses that are subject to one or more of the following taxes may be eligible for EITC:

· 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 212 of the Insurance Company Law 1921

WHEN TO APPLY?

 

First-time applicants or applicants for one-year cycles must submit applications on July 1 every year.

Repeat / two-year cycle applicants must submit applications on May 15 each year. This due date applies if you are in your renewal year or if you are beginning a new, two-year cycle.

PLEASE NOTE: Businesses can begin the online application process at any time but should not hit “submit” until the above due dates.

 

 

READY TO APPLY?

 

1. Click on the link below to complete your application.

             a. https://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc/

2. After completing the application on the applicable due date, you may fax or email it. (See below for fax # and email address). Please mail the signature page of the application to the DCED; they must receive it within 15 days of receiving your application via fax or email.

Department of Community and Economic Development

The Educational Improvement Tax Credit Program

Center for Business Financing - Tax Credit Division

400 North Street, 4th Floor

Commonwealth Keystone Building

Harrisburg, PA 17120-0225

Phone: 717.787.7120

Fax: 717.772.3581

Email: ra-eitc@pa.gov

3. Next, you’ll receive an approval letter from the DCED. You now have 60 days to write your check to Spartan Foundation for Education with “PA EITC Program” noted on it. Mail it to the address below:

Spartan Foundation for Education

Attn: Megan Wisler

Garden Spot High School

669 East Main Street

New Holland, PA 17557

4. Finally, after receiving your check, Spartan Foundation for Education will send you the official acknowledgment and thank you letter. Send the DCED a copy of the thank you letter to confirm that you used your tax credits as promised. You have 90 days following receipt of the initial approval letter to send it to the DCED.


 

Educational Improvement Tax Credit (EITC)

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