Business Tax Credits
Similar to the successful Educational Improvement Tax Credit Program (EITC), through the Opportunity Scholarship Tax Credit Program (OSTC), PA companies that pay business taxes receive up to a 90% tax credit by donating to low-income youth through Jubilee.
1: Businesses that make a one-year contribution receive PA tax credits equal to 75% of their contributed amount.
2: Businesses receive a 90% tax credit by making a two-year commitment of equal funding.
3: Businesses can request up to $400,000 in tax credits.
Click Here to read the full business guidelines.
1: Your EIN
2: Your business mailing address
3: Identify your legislator here.
4: Know what your PA corporate net tax bill will be for the current year.
1: Apply online here.
2: Business receives confirmation from the state.
3: The business must make its gift to a qualified scholarship organization within 60 days of receiving their tax credit approval letter.
4: The scholarship organization receipts the gift and the business provides proof of the gift to the DCED within 90 days of receiving the tax credit approval letter.
5: File your business tax returns. Please consult your tax advisor for filing specifics to your situation.
If you are interested in applying, please contact:
Andrea Cohen, Interim Executive Director