Educational Improvement Tax Credit (EITC) Program

Pennsylvania has created and supported two transformational programs that allow companies, and now individuals, who ordinarily pay state taxes to direct their tax payments to organizations like First Tee — Greater Philadelphia. In exchange, participating businesses and individuals are given a tax credit for that year by the state.

Businesses apply through the state to receive up to a 75% tax credit for a 1-year commitment and up to a 90% tax credit for a 2-year donation commitment.The tax credits are available on a first-come, first-served basis starting July 1st until the tax credit dollars are used up.  These tax credit dollars are typically distributed on the first day of application (July 1st).  Businesses are encouraged to apply on July 1st.

Thank you to those supporters contributing to our mission through EITC funding!

                

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 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

For more information, please visit the Pennsylvania Department of Community and Economic Development and/or reach out to Maggie Farrell at mfarrell@firstteephila.org.