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EITC Program

Educational Improvement Tax Credit Program

Where would you rather send your taxes - to Harrisburg or to Upland?

The Commonwealth of Pennsylvania provides generous tax credits to eligible businesses that give financial aid gifts to schools, including Upland Country Day School.

Almost $60 million is available on a first-come, first-served basis for contributions to scholarship organizations like Upland. In fact, to date, Pennsylvania businesses have donated over $1,542,000 (ranging in size from $2,500 - $100,000) to our financial aid program, making an Upland education affordable for scores of eligible families.

Tax credits start at 75% of the donation amount for a one year contribution, increase to 90% for a two-year contribution, and can be applied to as much as a $300,000 contribution each year. (Residual tax benefits can reduce the actual cost of the donation to almost nothing.) Re-Applications for tax credits for program fiscal year 2018-2019 (July 1 - June 30) will be accepted beginning May 14, 2018; first-time applications will be accepted on July 2, 2018.

List of 3 items.

  • Who is eligible to participate?

    Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
    • Corporate Net Income Tax
    • Capital Stock Franchise Tax
    • Bank and Trust Company Shares Tax
    • Title Insurance Companies Shares Tax
    • Insurance Premiums Tax
    • Mutual Thrift Institution Tax
    • Personal Income Tax of S corporation shareholders or Partnership partners.
  • Terms

    An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter; Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and is not refundable or transferable.
  • Where to Apply

    DCED Center for Business Financing, Tax Credit Division, 4th Floor, Commonwealth Keystone Building, 400 North Street, Harrisburg, PA 17120: (717)-787-7120 or RA-EITC@pa.gov. Applications are approved on a first-come-first-served basis by date received. First Time applications for FY18-19 will be accepted beginning May 14, 2018 and can be obtained from the Pennsylvania site directly.
For further information, contact Kim Murphy at 610. 444. 8114 or kmurphy@uplandcds.org.

EITC and OSTC Contributors

  • Aquaterra Technologies, Inc.
  • Bryn Mawr Trust Company
  • DNB First
  • J.P. Mascaro & Sons
  • Kaolin Mushroom Farms
  • Oxford Family Dentistry, LLC
  • Roosevelt Dairy Trade
  • The National Bank of Malvern
  • Waste Management
  • Willowdale Town Center
  • Willis Towers Watson