EITC - Tax Credits for Businesses

What is EITC?

EITC is a program for Pennsylvania businesses which allows them to redirect a portion or all of their PA state tax dollars to a qualified organization of choice, like Rhema Christian School!

 

Are you interested in participating in EITC with your business?

Please reach out to our Director of Administration, James Julius, and he will personally help you through the process!  He can be reached at 412-269-9555 x208 and via email at jjulius@rhemachristianschool.org.

 

Who Benefits from EITC?

Students in Preschool through 8th grade can receive scholarship dollars via the EITC program.  This lowers the overall cost of education and provides educational opportunities to some families that otherwise wouldn't be able to attend.

 

How is EITC funded?

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!

 

 

Are you interested in participating in EITC with your business?

Please reach out to our Director of Administration, James Julius, and he will personally help you through the process!  He can be reached at 412-269-9555 x208 and via email at jjulius@rhemachristianschool.org