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EITC/OSTC

Welcome to our EITC/OSTC Info Page!  

 

EITC Guidelines

Pennsylvania Educational Investment Tax Credit (EITC) is a program administered by the Pennsylvania Department of Community and Economic Development. EITC allows businesses to redirect their PA tax dollars to Scholarship Organizations.

 

What taxes are eligible for EITC?

Corporate Net Income Tax

Capital Stock Franchise Tax

Bank and Trust Company Shares Tax

Title Insurance Premiums Tax

Mutual Thrift Institution Tax

Personal Income Tax of S Corporation Shareholders

 

How much can my business contribute?

Tax credits equal to 75% of your contribution, up to a maximum of $750,000 per taxable year, can be increased to 90% of the contribution amount if the business agrees to provide same amount for two consecutive tax years.

 

OTSC Guidelines

Pennsylvania Opportunity Scholarship Tax Credit (OSTC) is a program administered by the Pennsylvania Department of Community and Economic Development.  OSTC allows businesses to redirect their PA tax dollars to Scholarship Organizations (SOs)  SOs use these contributions to provide tuition assistance to eligible students residing in the attendance boundaries of a low-performing school.

 

What taxes are eligible for OSTC?

Corporate Net Income Tax

Capital Stock Franchise Tax

Bank and Trust Company Shares Tax

Title Insurance Premiums Tax

Mutual Thrift Institution Tax

 

How are my funds use by the Scholarship Organizations?

Funds received through OSTC Provide need based tuition assistance to eligible students residing within the attendance boundaries of a low-achieving school.  A low-achieving school is defined as a public elementary or secondary school ranking in the bottom 15 percent of their designations as an elementary of secondary school based upon combined math and reading PSSA scores.

 

"We are proud to support The Walden School, the first Preschool through eighth grade Fair Trade school in the country.  We support Walden's mission and use of the Montessori approach to education, thereby developing the skills that young people will need to succeed in the coming decades."

- Mark Hammond, Land Air Water Solutions partner, Walden parent and EITC donor

 

For more information, please contact Business Manager, Eve Welden at business@thewaldenschool.org or visit Pennsylvania's official EITC/OSTC website.