On May 7, 2001, by an overwhelming bi-partisan majority, Pennsylvania made history by becoming the first state to pass an education tax credit aimed at corporations.
The Educational Improvement Tax Credit (EITC), provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization. The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. A business paying taxes in Pennsylvania can receive up to $750,000 in tax credits annually and $200,000 for the Pre-K program. More importantly, the EITC provides children and families with a choice in their education and a chance in life.
Scholarship Organizations provide scholarships to children to attend the schools of their choice.
Educational Improvement Organizations fund innovative programs in public schools across the Commonwealth.
Pre-K Scholarship Organizations fund scholarships to children so families have the ability to choose the pre-k that best fits the needs of their child.