Educational Improvement Tax Credit (EITC)
By an overwhelming bipartisan majority, Pennsylvania made history by becoming the first state to pass an education tax credit aimed at corporations May 7, 2001.
House Bill 996, EITC, provides companies with a 75 percent tax credit for donations to a non-profit scholarship or educational improvement organization. The tax credit increases to 90 percent if the company commits to making the same donation(s) for two consecutive years.
Due to overwhelming demand and popularity, the legislature has increased the cap on the EITC program four times since its enactment in 2001 – with a current cap of $75 million.
Legislation in 2008 increased the cap per business to $300,000 and expanded the pool of eligible businesses.
Learn more about EITC here or contact us with questions.
Say Thank You
Have you received a financial aid award through the Scholarship Partners Foundation?
Choose to thank your local legislator for supporting and expanding the EITC program in Pennsylvania.