Significant Tax Advantage Individuals ~~ Significant Tuition Assistance for Families
Thanks to a change in Pennsylvania law, individuals with a tax liability can now join a Special Purpose Entity (SPE) through the Foundation for Catholic Education to take full advantage of the PA EITC programs.

• use the credit for your personal PA taxes
• 90% tax credit for a 2-year commitment
• designate to Notre Dame de Lourdes Catholic School

How It Works

1. Refer to Line 12 on your PA-40 to determine your level of tax liability. You can choose to donate equal to your likely tax liability or be a portion of the total. You decide when joining the SPE.
2. The SPE will receive tax credits equal to 90% of the donation amount. These credits will be distributed on a K-1 form according to each member's % interest in the SPE.
3. These credits can be applied to your PA tax liability under PA Schedule SP.

In May 2001, Pennsylvania created the EITC (Education Improvement Tax Credit) for businesses, expanding it in 2012 to include Subchapter S corporations, partnerships and LLC's. 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. Your tax dollars stay here to help Notre Dame families finance a Catholic education for their children.

How It Works

The EITC gives registered businesses in our community a 75% tax credit. If a  business commits to the program for 2 years, they receive a 90% tax credit.

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes are eligible to participate in the EITC Program:

• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institution Tax

Additionally, most subchapter s-corporations are now able to participate passing through the tax credit on their personal income tax.

• Year 1 of 1 C-corporations and S-corporations can submit their applications on July 1.
• Year 2 of 2 C-corporations and S-corporations can submit their applications on May 15.
• Businesses that have just finished a 2-year commitment and wish to renew to another 2-year commitment can also submit their application on May 15.

For the complete business guidelines, please click here.

Businesses must file their applications to the Department of Community and Economic Development (DCED) electronically through the single online application website. For a user guide on how to file the electronic application, please click here.

The PA Department of Revenue’s EITC Pass-Through Election Form can be found here.