Educational Improvement Tax Credits (EITC)

The Pennsylvania legislature enacted and launched the Educational Improvement Tax Credit Program in 2001. The program offers corporations tax credits for donating to organizations that provide low- and middle-income families private school and prekindergarten scholarships, as well as organizations that support innovative public school programs.  In 2013, Our Children’s Center Montessori School was approved as a participating Pre-Kindergarten Scholarship Program.  Since that time, participating businesses have donated over $15,000 to support OCC’s efforts to ensure that high quality early learning opportunities are available to all of the children of our community.

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes may be eligible to participate:

  • Personal Income Tax
  • Capital Stock/Foreign Franchise Tax
  • Corporate Net Income Tax
  • Bank Shares Tax
  • Title Insurance & Trust Company Shares Tax
  • Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
  • Mutual Thrift Tax
  • Malt Beverage Tax
  • Retaliatory Fees under section 212 of the Insurance Company Law of 1921

 

For more information, or to see if your business qualifies at participate, please visit The Pennsylvania Department of Community & Economic Development’s website.

Thank you to the following businesses who have supported Our Children’s Center Montessori School through the EITC program:

diamondback-truck-covers-eitc-pic bbt-eitc-pic

2016/17 School Year

BB & T

DiamondBack Automotive Accessories, Inc.

2015/16 School Year

National Penn Bank

BB & T 

Northwest Savings

2014/15 School Year

National Penn Bank

Susquehanna Bank

2013/14 School Year

Matson & Associates, Inc.

Northwest Savings Bank

Susquehanna Bank

National Penn Bank