Changing Lives With Tax Dollars?!?!

Pennsylvania TAX CREDITS

Redirect your business or personal tax dollars.

Make a difference in the life of a child.

Participate in Pennsylvania's

Educational Improvement Tax Credit (EITC)

Overview

This is school choice legislation enacted in 2001 that enjoys bipartisan support which allows PA tax payer to redirect or designate their PA state income tax to private schools like Roxborough Christian School.

The Educational Improvement Tax Credit (EITC)

This tax credit program is designed to let eligible businesses and individuals designate their
tax dollars to support private schools of their choosing such as RCS. This is one of the few opportunities you’ll ever have to direct your tax dollars to a specific destination.

The Benefit to Businesses

Under this program, a qualifying business will be approved for tax credits equal to 90 percent of its
contribution to RCS, up to a maximum of $750,000 per taxable year.

Example: ABC Corporation is approved to participate and donates $10,000 to Roxborough Christian School. They receive a tax
credit for $9,000 against their PA tax liability. The remaining $1,000
considered a charitable donation on their federal tax return if they itemize.

Your company is eligible to participate in these programs if it is authorized to do business in Pennsylvania and is subject to one or more of the following Pennsylvania taxes:

· Personal Income Tax

· Capital Stock/Foreign Franchise Tax

· 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

Pass-through entities, such as S-Corporations, Partnerships, LLCs, etc. are all eligible to apply.

The Benefit to an Individual

The benefits for individuals are similar to that of businesses. Individuals must have a Pennsylvania tax liability (paying taxes) of at least $500/year. Qualified individuals will need to participate through a Special Purpose Entity (SPE).

NEXT STEP!!!

If you would like to take control of your tax dollars and direct them toward enhancing the educational experience of the passionate scholars of Roxborough Christian School please reach out to our EITC coordinator, Terry Doyle, Champions For Children. championsforchildrenPA@gmail.com or 610-505-7047, to apply.