Educational Improvement Tax Credit Program (EITC):

We recognize and would like to thank the following businesses for their donations to the Ephrata Area Education Foundation by participating in the PA EITC Program for the current fiscal year. 
The Ephrata Area Education Foundation has been approved to receive donations through the Pennsylvania Educational Improvement Tax Credit (EITC) program. The EITC program gives tax credits to corporations who make donations to approved Educational Improvement Organizations.

Pennsylvania companies who pay the types of taxes listed below and make a one-year donation commitment receive a 75 percent tax credit; those who make a two-year commitment receive a 90 percent tax credit. The tax credits may be applied to whichever tax the company chooses.

  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank and Trust Company Shares Tax
  • Title Insurance Company Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • “Pass-through entities” are also eligible to pass the credit through to the Personal Income Tax of principals (shareholders or partners) of the company.
       
To apply to the EITC Program:   http://community.newpa.com/programs/educational-improvement-tax-credit-program-eitc