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E.I.T.C.

Pennsylvania Educational Improvement Tax Credit
Invest in your community- while improving your business bottom line!

What is it?
A PA Department of Community and Economic Development (DCED) program that provides state tax credits to eligible businesses for charitable contributions made to Penngift Foundation on behalf of Central Christian Academy.

Is my business eligible?
If you do business in Pennsylvania and pay any of several corporate taxes, the answer is YES! Contact Central Christian Academy to find out more.

How can EITC work for me and my business?
Submit a one-page application on (and not before) July 1 of each year.* Once you are approved by DCED, make your contribution to Penngift Foundation within 60 days.

What’s the bottom line?
Tax credits equal to 75% of your contribution up to a maximum of $300,000 per taxable year; can be increased to 90% of your contribution, if your business agrees to provide the same amount for two consecutive tax years. For example:

 

My Corporate Contribution

Annual PA Tax
Credits Awarded

Annual Actual
Cash Output

Two-Year Commitment (90% tax credit)

$100,000

$90,000

$10,000

One-Year Commitment (75% tax credit)

$100,000

$75,000

$25,000

*Applications are approved on a first-come basis by date received, and approved until available tax credits are exhausted.

More Information
Forms

Contact us today at cca@ccaschool.com or 724-746-4902 to find out more.
Thank you!

 
     
     
 

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  145 McGovern Rd. • Houston, PA 15342 • cca@ccaschool.com • 724-746-4902
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