What Families & Businesses Qualify?
Pennsylvania families who live in the attendance area of a “persistently failing public school” (the bottom 15% in PSSA test scores) and who has an income under $60,000 qualify, with an allowance of $10,000 more for each child or dependent member of the household.
All businesses in Pennsylvania (except sole proprietorships) that pay business taxes on profits qualify to participate (including tax “pass through” entities). Tax credits are applied to the businesses’ tax return for the fiscal year in which the business makes the contribution. Pass through tax credits (for S Corps, partnerships, LLC’s) can be applied in the current fiscal year or the next fiscal year.