• Educational Improvement Tax Credit Program

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    The Pennsylvania EITC program provides tax credits to eligible businesses contributing to an Education Improvement Organization (EIO) as defined in the PA Educational Improvement Tax Credit program (EITC) for specific programs.

    The 501(c)(c) Neshaminy Education Foundation is an approved EIO for the 2022 tax season. Through the EITC program, tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.

    Eligibility

    Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes: 

    • Personal Income Tax, Capital Stock/Foreign Franchise Taxm, Corporate Net Income Tax, Bank Shares Tax, Title Insurance & Trust Company Shares Tax, Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine), Mutual Thrift Tax, Malt Beverage Tax, Retaliatory Fees under section 212 of the Insurance Company Law of 1921

    Deadlines

    • May 17 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 21/22 to renew their 2-year commitment.
      Note: this date is typically May 15 but has been adjusted this year until the next business day.
    • May 17 – Businesses who are in the middle of their 2-year commitment.
      Note: this date is typically May 15 but has been adjusted this year until the next business day.
    • July 1 – All other businesses, including initial applicants and those applicants wishing to submit an additional application on top of their previously submitted 2-year commitment.

    Pass-through entities, such as S-Corporations, Partnerships, LLCs, etc., can now apply on the same day as C-Corporations. Applications must be submitted electronically using DCED’s Single Application for Assistance.

    Programs

    EITC donations for the Neshaminy Education Foundation are approved for application to the following programs at Neshaminy School District:

    • AVID: Advancement Via Individual Determination (www.avid.org) is a global non-profit organization that has created a program to provide students with tools and strategies for academic and social success in school, higher education and beyond. Neshaminy has successfully implemented AVID in several grades and is seeking to expand this curriculum to additional schools and grades within the District.
    • AMPLIFY SCIENCE: This is the science program at Neshaminy. The core of this new program revolves around the Next Generation Science Standards (NGSS), which have been developed by a national collaboration of science and technology industry leaders and educators. The District adopted the Amplify Science Program in 2016 for the 6th grade, and has since expanded it to additional grades throughout the District. The program blends hands-on investigations and analysis using digital tools to encourage students to think, read, write, argue, and share information like real scientists and engineers.
    • SENIOR EXPERIENCE AT BUCKS COUNTY COMMUNITY COLLEGE: Neshaminy HS seniors have the opportunity to take classes at BCCC for credit as part of their program of studies. Originally, the program was funded by a Ready to Learn grant which covered tuition, books, expenses and transportation to and from the college from NHS. The District is seeking funds to expand the program for additional students and future school years.

    Information Links

    The following links provide information about the purpose of the EITC program, the application process and tax information. Please consult a qualified tax professional or the Pennsylvania Department of Revenue with any questions about this program.