EITC Program
What is EITC?
Enacted by the Pennsylvania Legislature in 2001, Pennsylvania’s Educational Improvement Tax Credit (EITC) offers businesses an opportunity to invest a portion of their tax dollars into innovative education programs that directly benefit students through approved educational improvement organizations such as the Berks History Center. The state Department of Community and Economic Development’s Tax Credit Division oversee the EITC Program.
The EITC provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization (EIO). The tax credit increases to 90% if the company commits to making the same donations for two consecutive years.
How does EITC benefit my business?
The EITC provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization (EIO). The tax credit increases to 90% if the company commits to making the same donations for two consecutive years.
Tax credits are more attractive than a standard charitable donation as tax credits are utilized AFTER your tax liability is established.
In addition to the tax benefits, participating businesses support innovative educational programs as well as garner the positive public relations of their charitable work.
How does my business qualify?
Eligible businesses include those that are authorized to do business in Pennsylvania and 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
- Insurance Premiums Tax
- Mutual Thrift Institution Tax
- Personal Income Tax of S corporation shareholders or Partnership partners.
Pass-through entities, such as S-Corporations, Partnerships, LLs, etc., are also eligible to apply.
What is the cost to participate?
There is no fee to participate in the program. Please confer with your accountant on the next steps to participate in this amazing opportunity to direct your tax money to help the Berks History Center educate our community and its youth.
Where can I apply?
The application process is extremely simple and just requires eligible businesses to fill out an online application, which can be found here.
Thank you to our EITC partners!
- M&T Bank
- East Penn Manufacturing
- Tompkins/VIST Bank
- BB&T (Now Truist)
Business Partnerships
The Berks History Center welcomes the participation of businesses and corporations in supporting our work and the great things being done in our community every day. How can your business become involved? You can make a donation, sponsor an event, or become a business partner.
Where can I learn more?
BHC thanks our Business Partners:
