What is EITC?

Pennsylvania’s Educational Improvement Tax Credit (EITC) program, gives a qualified business the opportunity to donate to Mary of Nazareth Catholic School rather than pay a percentage of its state taxes. To do this, the business makes a gift, through the EITC program. The state Department of Community and Economic Development (DCED) gives the business a tax credit equal to a percentage of the business’s contribution.

Click HERE for Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) Program information from the Diocese of Pittsburgh

Business Eligibility

If one or more of the following taxes are paid annually:

1. Corporate Net Income Tax

2. Capital Stock Franchise Tax

3. Bank and Trust Company Shares Tax

4. Title Insurance Companies Shares Tax

5. Insurance Premiums Tax

6. Mutual Thrift Institution Tax

These types of businesses are eligible to participate:

1. S Corporations

2. C Corporations

3. General Partnerships

4. Limited Partnerships

5. Limited Liability Company (LLC)

How Can A Business Participate?

One-Year Commitment:

• For one year of participation, a business receives 75% of its contribution in tax credits.

Two-Year Commitment:

• For two years of participation, requiring a contribution of the same amount each year, a business receives 90% of its contribution in tax credits.

How Can A Business Apply for Tax Credit to Help Mary of Nazareth Catholic School?

Deadlines

May 15: Businesses in the middle of a two-year commitment or have just finished a one or two-year commitment may apply.
July 1: Businesses who are new to the program may apply.

All applications must be completed online using this link. Please note that you can complete and save your application at any time, but you cannot submit your application until the appropriate date listed above.