PA Tax Credit EITC
Pennsylvania’s Educational Improvement Tax Credit
This program, approved by the Pennsylvania State Legislature in 2001, allows tax credits for companies that contribute to scholarship organizations. As a nonprofit organization, Nativity is eligible to receive contributions that are specifically directed to Nativity BVM School.
It’s fairly simple for your business to participate. First, your company completes the appropriate application to the State for tax credit for a contribution to scholarship/financial aid programs at Nativity. Once the State approves the request, the contribution must be made directly to the School within 60 days. Businesses that qualify would include those in Pennsylvania that pay any of the following taxes: Corporate Net Income Tax (CNI); Capital Stock and Franchise Tax; Bank and Trust Company Shares Tax; Title Insurance Companies Shares Tax; Insurance Premiums Tax; and Mutual Thrift Institutions Tax.
We hope if appropriate, you will consider supporting Nativity through this unique program. Visit www.blocs.org for more information.
