|
Are you a business owner or do you know a business owner who would like to receive tax credits for donating to help the mission of H.P.C.A.?
The Pennsylvania Educational Improvement Tax Credit (EITC) program allows businesses to receive credits after making approved contributions to an EITC scholarship organization. Those funds can then be directed to any participating ACSI member school including Hunting Park Christian Academy.
To be eligible for this tax credit program you must pay any one of the following taxes:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Insurance Premiums Tax
- Bank & Trust Company Shares Tax
- Mutual Thrift Institutions Tax
- Title insurance Companies Shares Tax
- Personal income tax of "S" corporation shareholders, partnership partners and limited liability company members.
By making a two-year commitment, the business can receive a PA tax credit for 90% of the amount contributed. For a one-year commitment, the percentage is 75%. These are not deductions, but actual CREDITS.
If your business would like to get involved please contact Jamison Parker at dod@hpcaphilly.org or by calling 215-324-9180. And feel free to look over the application by clicking here.
|