Educational Improvement Tax Credit

What is EITC?

When the EITC program was enacted in May 2001, Pennsylvania became the first state in the nation to permit businesses to make charitable contributions based on the amount of state taxes they pay.

Under EITC, businesses may receive a 75% tax credit for contributions to an educational improvement organization like CCAC, up to a maximum of $750,000 per taxable year. The tax credit increases to 90% for businesses that commit to making the same donation for two consecutive years.

Eligibility

Eligible businesses are those who are authorized to do business in the Commonwealth of Pennsylvania and are subject to at least one of the following taxes:

• Personal income tax
• Capital stock/foreign franchise tax
• Corporate net income tax
• Bank shares tax
• Title insurance tax
• Trust company shares tax
• Insurance premiums tax (excluding surplus lines, unauthorized, domestic/foreign marine)
• Mutual thrift tax
• Malt beverage tax
• Retaliatory fees under section 212 of the Insurance Company Law of 1921

Application process

Pennsylvania businesses may apply by visiting the Educational Improvement Tax Credit Program page.

Applications are processed on a first-come, first-served basis, and will be approved until the available tax credits are exhausted.

What does EITC funding support at CCAC?

The CCAC Educational Foundation utilizes EITC funding to support our Dual Enrollment program. CCAC s Dual Enrollment program helps juniors and seniors take college credit courses while in high school. Almost 30 school districts in Allegheny County collaborate with CCAC's Dual Enrollment program. For more information, including application procedures, please visit the CCAC Dual Enrollment/Concurrent Enrollment webpage.

Since 2011, the CCAC Educational Foundation has received more than $450,000 in EITC funding. Please apply to the EITC program and consider supporting CCAC's Dual Enrollment program.