EITC/OSTC (Businesses)

What is the EITC Program?

Through the Pennsylvania Educational Improvement Tax Credit Program (EITC), your business may submit state tax dollars to provide tuition assistance to Trinity families in need.

Basic Information

Your business may receive tax credits for donations to Trinity Christian School.

  • A tax credit may be awarded equal to 75% of the contribution amount for a 1-year contribution.
  • A tax credit may be awarded equal to 90% of the contribution for a 2-year (consecutive) commitment.
  • Total tax contribution may not exceed $750,000 per tax year.

Eligible Pennsylvania Business Taxes:

  • Personal Income Tax of S Corporation Shareholders or Partnership Partners Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank & Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Insurance Company Law of 1921

Application Timeline:

  • May 15
    • Applications who have fulfilled their 2-year commitment and wish to reapply to renew their 2 year commitment.
    • Businesses who are in the middle of their 2-year commitment.
  • July 1
    • All other businesses may apply. Applications must be done online.

For more details on how EITC works, please go to the website for the Pennsylvania Department of Community & Economic Development (PA DCED).

You may also Contact Us for more information or assistance.

The scholarship organization that Trinity works with is the Central Pennsylvania Scholarship Fund in Tyrone, Pennsylvania.

 

What is the OSTC Program?

Through the Pennsylvania Opportunity Scholarship Tax Credit Program (OSTC), your business may submit state tax dollars to provide tuition assistance to students who reside within the boundaries of a “low achieving school.”

Basic OSTC Information

$50 Million annually is allocated for this program by the state of Pennsylvania.

Your business may receive tax credits for donations to the OSTC program.

  • A tax credit may be awarded equal to 75% of the contribution amount for a 1-year contribution.
  • A tax credit may be awarded equal to 90% of the contribution for a 2-year (consecutive) commitment.
  • Total tax contribution may not exceed $750,000 per tax year.

Eligible Pennsylvania Business Taxes:

  • Personal Income Tax of S Corporation Shareholders or Partnership Partners
  • Corporate Net Income Tax
  • Capital Stock Franchise Tax
  • Bank & Trust Company Shares Tax
  • Title Insurance Companies Shares Tax
  • Insurance Premiums Tax
  • Mutual Thrift Institution Tax
  • Insurance Company Law of 1921

Application Timeline:

  • May 15
    • Applications who have fulfilled their 2-year commitment and wish to reapply to renew their 2-year commitment.
    • Businesses who are in the middle of their 2-year commitment.
  • July 1
    • All other businesses may apply. Applications must be done online.

For more details on how OSTC works, please go to the website for the Pennsylvania Department of Community & Economic Development (PA DCED).

You may also Contact Us for more information or assistance.

The scholarship organization that Trinity works with is the Central Pennsylvania Scholarship Fund in Tyrone, Pennsylvania.

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