Educational Improvement Tax Credit Program (EITC)
We gratefully acknowledge the following businesses for their generous support during the 2012-2013 academic year:
BRIDGES & Co., Inc.
Cowden Associates, Inc.
First National Bank of Pennsylvania
Hand & UpperEx Center
Metz Culinary Management
Philadelphia Insurance Companies
Pickands Mather Coal Company
PNC Equipment Finance, LLC
Simpson & McCrady LLC
TDY Industries, Inc.
Thermo Fisher Scientific
Universal Scaffold Systems
UPMC Health Plan
Western PA Surgery Center
The Educational Improvement Tax Credit (EITC) provides companies with a 75% tax credit for donations to a nonprofit scholarship or educational improvement organization. The tax credit increases to 90% if the company commits to making the same donation(s) for two consecutive years. The EITC program is administered by the Department of Community and Economic Development (DCED) on a first-come, first-served basis. Businesses that pay any of the following taxes qualify to participate in the EITC program:
• Capital Stock and Franchise Tax
• Bank and Trust Company Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institutions Tax