Educational Tax Credits

What’s New For 2013-2014?

On June 30, 2012, house bill 761 was passed into law expanding the popular EITC Program. The bill increased the funding for the EITC by $25 million, for a total of $100,000 million.

How are the EITC Funds Divided?

$60 million is appropriated annually for scholarship organizations, $30 million for innovative educational improvement programs in public schools and $10 for a separate pre-kindergarten scholarship program.

This past year, more than 51,000 students across Pennsylvania benefited from EITC scholarships and countless numbers of children in public schools benefited from innovative programs that would have likely have gone unfunded.

A Great Way for Businesses to Direct Their Tax Dollars

The EITC has accomplished what many in Pennsylvania have been advocating for years: to get the business community more involved in education. The EITC enables companies to support local non-profit charities, at a minimal cost, instead of sending their tax dollars to Harrisburg. It’s that simple.

The business community has overwhelmingly responded the challenge. Since the program’s inception, more than 23,500 business applications have been approved pledging in excess of $657 million dollars to the programs. The children of Pennsylvania thank you!

 

A Lifeboat for Kids, a Savings to Pennsylvania Taxpayers

EITC scholarships have provided thousands of lifeboats to families looking to escape failing public schools, as well as to families struggling to remain in non-public schools.  Each time a child moves from a public to non-public school and each time a child is able to stay in a non-public school as a result of the EITC, both taxpayers and families win!

Need more information? Contact the REACH office at 717.238.1878 or mail@paschoolchoice.org and request our brand new EITC brochure, Transforming Education in Pennsylvania: The Latest Facts about the Educational Improvement Tax Credit Program. Your first copy is FREE! All copies after that are $1.00 each.