Business Tax Credit Program
Similar to the successful Educational Improvement Tax Credit Program (EITC), 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: Apply online at www.JubileeFund.org/ostcRegister
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. The DCED informs the PA Department of Revenue and the credits are reserved for your end of year tax return. Please consult your tax advisory for filing specifics for your company’s situation.
If you are interested in the applying, please contact:
Andrea Cohen, Interim Executive Director