Educational Improvement Tax Credit (EITC)
Be Part of Our Journey from the Ground Up
Pennsylvania’s Educational Improvement Tax Credit (EITC) program offers eligible businesses an opportunity to support educational initiatives and make a difference in the lives of BCTC students, all while receiving a 75-90% tax credit. By supporting the BCTC Education Foundation through the EITC program, you can ensure more students have the tools and support they need to succeed in meaningful careers.
Understanding the EITC Program
The EITC program, administered by the Pennsylvania Department of Community & Economic Development (DCED), allows eligible businesses to receive tax credits for donations to approved educational organizations. These contributions support programs that improve and expand educational opportunities for students across the Commonwealth.
Key Benefits of EITC
- Tax Credits: Businesses can receive a tax credit equal to 75% of their contribution, which increases to 90% if they commit to the same amount for two consecutive years.
- Contribution Limits: The maximum tax credit per business is $750,000 per fiscal year.
- Eligible Taxes: Credits can be applied to various Pennsylvania state taxes, including the Corporate Net Income Tax, Capital Stock/Foreign Franchise Tax, and others.
For more detailed information, visit the DCED EITC Program Page, or contact us at the button below!
EITC Contributions: The Impact
EITC donations enable the Foundation to provide cutting edge improvements to BCTC’s programs, providing students with an education that matches, or even surpasses, the work and post-secondary environment they will encounter upon graduation.
How to Participate
Getting started with the EITC program is easy:
- Determine Eligibility: Ensure your business pays one of the eligible Pennsylvania state taxes.
- Apply: Submit an application to the DCED for EITC participation.
- Contribute: Once approved, make your contribution to the BCTC Education Foundation.
- Claim Tax Credit: Apply the tax credit to your Pennsylvania state tax liability.
For help with the application process or to learn more about partnering with the BCTC Education Foundation, feel free to contact us directly.
Join Us in Making a Difference
By participating in the EITC program and supporting the BCTC Education Foundation, your business invests in the future workforce of Berks County. Together, we can provide students with the education and skills they need to succeed, fostering economic growth and community development.
