Participation in EITC – Tax Credits

» Posted by on Oct 4, 2015 in Business Advice, Business Goals, Business Growth, EITC | Comments Off on Participation in EITC – Tax Credits

Building Bridges for Business Announces Participation in PA Educational Improvement Tax Credit (EITC)

 

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Support education while helping your company’s financial position.

What is EITC? A PA Department of Community and Economic Development (DCED) program that provides state tax credits to eligible businesses for charitable contributions made to Building Bridges for Business and their teaching program U can B.

Is my business eligible? If you do business in Pennsylvania and pay any of several corporate taxes, the answer is Yes.

How can I make EITC work for me and my business? Visit the PA DCED website for EITC Guidelines and access to DCED’s electronic Single Application system. Once you are approved* by DCED, make your contribution Building Bridges for Business.

What’s the bottom line? Tax credits equal to 75% of your contribution up to a maximum of $750,000 per taxable year; can be increased to 90% of your contribution, if your business agrees to provide the same amount for two consecutive tax years.
*Applications are approved on a first-come-first-served basis by date received, and approved until available tax credits are exhausted. EITC – Tax Credits

Email us at info@BuildingBridgesforBusiness.org.

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