Educational Improvement Tax Credit Program (EITC)

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Each year, the Chester County Historical Society (CCHS) provides high-impact, hands-on learning experiences for thousands of school students that align with state educational standards. You can help sustain and expand these programs by contributing to CCHS through the Educational Improvement Tax Credit (EITC) and receive up to 90% of your donation back as a tax credit. CCHS is eligible to receive support as an educational improvement organization through Pennsylvania’s Educational Improvement Tax Credit (EITC) program. The EITC program enables Pennsylvania-based businesses to receive generous tax credits by contributing to qualified organizations. We use EITC contributions to help fund a wide variety of educational programs[RL1] for nearly 10,000 students annually. 

We recognize EITC donors by thanking them in our e-newsletter, which is circulated to over 6,000 addresses, on our website, and with signage in our lobby.

Many thanks to our 2014-2015 supporters via the Educational Improvement Tax Credit Program

DNB First

First Resource Bank

Fulton Bank

M&T Bank

Meridian Bank

PECO

SKF USA

Susquehanna Bank

FAQs:

Is my business eligible to participate in EITC?
Yes, if your company is authorized to do business in PA and is subject to one or more of the following taxes: Corporate Net Income Tax; Capital Stock Franchise Tax, Bank and Trust Company Shares Tax; Title Insurance Companies Shares Tax; Title Insurance Companies Shares Tax; Insurance Premiums Tax; or Mutual Thrift Institution Tax.

How much credit can a business receive?
Tax credits equal to 75 percent of its contribution up to a maximum of $750,000 per taxable year. They can be increased to 90 percent of the contribution if business agrees to provide the same amount for two consecutive tax years.

Does signing up require a lot of paperwork and red tape?
No! The process can be completed in three easy steps:
1. Visit the Department of Community and Economic Development’s EITC website [http://www.newpa.com/programDetail.aspx?id=62]. You’ll need to download and submit the one-page “Application for Educational Improvement Tax Credits – Educational Improvement Org”(note that there is a separate application for scholarship organizations). DCED accepts applications beginning July 1 for that fiscal year (July 1 through June 30), and processes them on a first-come, first-served basis.
2. Once your business is approved, you have 60 days to make a contribution to CCHS. We will then send you a prompt acknowledgement. 
3. Return the acknowledgement to DCED within 90 days. DCED then notifies the Department of Revenue to apply the tax credits against the appropriate taxes you identified in your application.

If I have questions?
Contact the CCHS Development Office at 610-692-4800, x-267; or DCED Center for Business Financing at (717)-787-7120 or tknorr@state.pa.us

 [RL1]new hyperlink to history connections page.

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