We are excited that TLC has been designated by The Commonwealth of Pennsylvania’s EITC program as an Innovative Educational Program. This allows corporations to direct corporate tax dollars to support TLC’s environmental education programs. If your company would like to make a donation to TLC or learn more, please contact our development staff at 610-347-0347 ext. 105 or firstname.lastname@example.org.
What is EITC?
The Pennsylvania EITC program allows a business to divert its state taxes to education programs. To do this, the business pledges to make a gift through the EITC program, receives approval to do so, then selects an approved organization such as TLC and fulfills the gift. The PA Department of Community and Economic Development then gives the business a tax credit equal to 75% of its contribution up to $750,000 per taxable year. The tax credit increases to 90% if the business provides the same amount for two consecutive years.
Is Your Company Eligible?
Businesses ranging from neighborhood pharmacies, to mid-sized companies, to large corporations are all eligible. This includes the following type of businesses: C-Corporations (taxed at the corporate level), S-Corporations, Partnerships, Sole Proprietors, Limited Liability Companies (LLC’s) and subchapter S corporations and other business entities that pay their State business taxes under the personal income tax on PA business income can now fully participate. Check out the EITC Business Guidelines for more information.
How To Participate
It’s Simple! Visit the Department of Community & Economic Development website or contact them by phone at 866.466.3972
When Should You Apply
Applications are due on July 1 of each year. Your business must be approved before you make a gift and receive tax credits.
610-347-0347 ext. 105 or email@example.com