EITC: Substantial Tax Breaks for Businesses & Benefits for Students

EITC: Substantial Tax Breaks for Businesses & Benefits for Students

Did you know that Pennsylvania businesses can receive substantial tax breaks and directly help school children in their community?

Offered by the Pennsylvania Department of Community and Economic Development (DCED), the Educational Improvement Tax Credit Program (EITC) allows PA businesses to receive tax credits when they contribute to state-approved Educational Improvement Organizations (EIOs) such as the Weller Health Education Center.   

A business will receive a 90% state tax credit if it agrees to participate in the program for two years; a 75% tax credit is offered for a one-year contribution. And, because the net charitable contribution remains eligible for the Federal tax deduction, the net cost to help fund our education programs is minimal. Because of the limited funds budgeted by the state, businesses need to apply by July 1st for the first-come, first-served tax credits.

All Weller Center programs are approved for EITC funding.Our results-based student programs cover a variety of relevant topics including substance abuse, depression, nutrition, fitness and healthy relationships. We target the most pertinent health risks our children face and we stay on top of the latest trends impacting the health and safety of children in our region. Programs are presented by specially-trained health educators who are masters of the topics they teach and pros at interacting with students. Last year alone, corporate contributors to the EITC program helped the Weller Center provide life-saving health education programs to 25% of the more than 42,000 school students we reached. For a full list of our programs, click here.

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes are eligible to participate in the EITC Program:

Personal Income Tax
Capital Stock/Foreign Franchise Tax
Corporate Net Income Tax
Bank Shares Tax
Title Insurance & Trust Company Shares Tax
Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
Mutual Thrift Tax
Malt Beverage Tax or Retaliatory Fees under section 212 of the Insurance Company Law of 1921

Applications must be submitted electronically using DCED's Single Application for Assistance. All guidelines are available here. After the DCED reviews the application and confirms there are funds available in the program, tax credits will be awarded on a first-come, first-served basis. Once approval is received by letter from DCED, businesses have 60 days to make their contribution(s).     

Please note - we are listed as "The Carl and Emily Weller Center for Health Education" in the list of approved EIOs.  

The Weller Center professional staff is available to assist with your application process to make certain that the online entry is completed by July 1st. More information can be found on our EITC page. If you have any questions, contact your tax advisor or the Weller Center at 610-841-4494 ext. 23, mpildis@wellercenter.org

 Together we can improve the lives of children right here in our community!