- Corporate Net Income Tax
- Bank and Trust Company Shares Tax
- Insurance Premiums Tax
- Personal Income Tax of S Corporation Shareholders, or partners in a general or limited partnership
- Capital Stock Franchise Tax
- Title Insurance Company Shares Tax
- Mutual Thrift Institutions Tax

Officially known as Act 4 of 2001, the EITC program amends the Pennsylvania Public School Code to authorize Tax Credits for businesses that make contributions to educational improvement organizations or scholarship organizations. Pennsylvania’s Department of Community and Economic Development (“DCED”) administers the program.

Educational Improvement Organizations (“EIO’s”) are non-profit organizations that have been approved by DCED for participation in the EITC program. To become an EIO, the non-profit must apply to the DCED to show how their programs improve the educational opportunities for children. AEIO has been designated as an eligible “Educational Improvement Organization.”

Businesses can significantly reduce their tax liability while they support organizations like AEIO that enhance the educational opportunities for children. Participation in the EITC program provides significant leverage to the contributions made by a corporation. Your business can publicize and be proud of large donations that will cost you very little. All donations to AEIO support public education and benefit the students of the Abington Heights School District.

The program year is July 1 – June 30. Applications for tax credits are processed until the DCED funding budget is exhausted. The filing date for this year is July 1.

All applications are due in Harrisburg on precisely July 1 (not before and not after that date.)   All applications received on July 1 will be processed on a random basis until the amount of available tax credits is exhausted.

The process is simple. Businesses must complete a one-page application stating what amount they plan to contribute. AEIO will assist all businesses interested in completing the application. Click here to download the application. Application can also be found here – Appendix I –EIO Page 9.

Businesses can apply to have up to $300,000 in Tax Credits approved for donations. Businesses get a credit of 75 percent for one-year donations and 90 percent credit for 2-year donations. Tax Credits may be applied against the tax liability of a business for the tax year in which the contribution was made. Eligible donations may not exceed $300,000 per taxable year.

More information can be found on the Department of Community and Economic Development (DCED) website or by contacting AEIO at (570)586-2511.