Building Bridges for Business Announces Participation in PA Educational Improvement Tax Credit (EITC)
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.
How to apply – Check out the online Application process here.
Email us at info@BuildingBridgesforBusiness.org.
