Pennsylvania Educational Improvement Tax Credit Program
What is the EITC Program?
The Educational Improvement Tax Credit (EITC) program allows private donations to enhance the education opportunities for students in Pennsylvania.
Through the EITC program, eligible businesses can make a donation to the Institute for the Wildlife Leadership Academy program and receive tax credits equal to a percentage of their gift. The Institute is an approved Educational Improvement Organization (EIO) in the EITC program.
What does it mean that the Wildlife Leadership Academy is an approved EIO (Education Improvement Organization)?
The Wildlife Leadership Academy program is approved as an EIO because it enhances the educational experience of youth in Pennsylvania. Each year, the Institute re-applies to keep the Academy as an approved organization with a report to the Department of Community and Economic Development that includes support letters from high schools from across Pennsylvania that our Academy students attend.
Is your company eligible to give?
Credits can be received by C Corporations, S Corporations, Limited Liability Companies, Partnerships and pass through companies. They must pay Commonwealth of Pennsylvania taxes. The credit may be applied to the following Pennsylvania taxes:
Corporate Net Income Tax
Capital Stock Franchise Tax
Bank and Trust Company Shares Tax
Title Insurance Companies Shares Tax
Insurance Premiums Tax
Mutual Thrift Institution Tax
Insurance Company Law of 1921
Personal Income Tax of S corporation shareholders or Partnership partners
How does your business register?
To receive tax credits, businesses must be approved to make contributions. The application for approval can be found on the PA Department of Economic Development’s EITC website (click here to go there).
The business application timeline is:
May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 14/15 to renew their 2-year commitment.
May 15 – Businesses who are in the middle of their 2-year commitment.
July 1 – All other businesses including Pre-K business applications.
Both new and renewing EITC business participants receive approval on a first-come, first-served basis. When the tax credits given to organizations equals the maximum allowed to be credited for the year, the Department of Community and Economic Development will close the EITC opportunity until the following year.
How does your business give?
When a business registers they can commit an amount for one year, and receive a 75 tax credit on their contribution. If a business commits to contribute the same amount for 2 consecutive years the will receive a 90% tax credit. NOTE: Credits are available on a first come first serve basis until the credits that have been budgeted for this fiscal year by the Commonwealth of PA are fully used up.
How will I receive the credits?
Once you have been approved by written notification from the state, your business must make a donation to the Institute within 60 days of the date of the letter. The contribution should be designated to the Pennsylvania Institute for Conservation Education as qualified for the EITC program. The Institute will return written acknowledgement of the give to the business, which will be submitted to the Commonwealth of Pennsylvania within 90 days of making the contribution. Upon receipt of proof of contribution, the Department of Community and Economic Development will notify the Commonwealth of Pennsylvania Department of Revenue to apply the ETC against the appropriate taxes identified by the busness in its application.
Who should I contact if I have questions about contributing via the EITC program?
You can contact Executive Director, Michele Kittell at 570-245-8518 or firstname.lastname@example.org.
The mission of the Wildlife Leadership Academy is to engage and empower high school age youth to become Conservation Ambassadors to ensure a sustained wildlife, fisheries and natural resource legacy for future generations. The Academy, a 501(c)(3) non-profit organization, is a cooperative initiative involving state agencies and conservation organizations.