The Educational Improvement Tax Credit
The Educational Improvement Tax Credit (EITC) program enables companies to support the Weller Center, at minimal cost, instead of sending their tax dollars to Harrisburg. It's that simple.
If your business is subject to one of six PA taxes, you can redirect a portion of your tax dollars to support Weller’s health education programs in our schools. Through EITC, your business can be approved for a tax credit equal to 75% of the contribution (up to a maximum of $300,000 per taxable year). The credit may be increased to 90% if your business agrees to provide the same level of contribution for two consecutive tax years.
Thus, a $15,000 gift to the Weller Center could result in a tax credit as high as $13,500! The contribution may also be deducted for federal tax purposes.
It’s easy! Businesses subject to the following taxes may complete a simple one-page application to apply for tax credits:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank & Trust Company Shares Tax
- Title Insurance Company Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutions Tax
- Personal Income Tax of S Corporation Shareholders or Partners in a General or Limited Partnership. (A copy of the EITC Irrevocable Election to Pass Through form is available at www.revenue.state.pa.us.)
The Weller Center is an approved Educational Improvement Organization (EIO) through the EITC program. We are listed as “The Carl and Emily Weller Center for Health Education” in the list of approved EIOs. Last year alone, corporate contributors to the EITC program helped the Weller Center provide life-saving health education programs to more than 50,000 public school students.
To apply, visit the PA Department of Community & Economic Development
for documentation and downloads.
If you need additional information, please contact us