The Education Improvement Tax Credit
The Education Improvement Tax Credit (EITC) is an innovative program that reduces a participating company’s tax liability while contributing to successful, youth education programs. The Pa Department of Community and Economic Development has approved the CCEDC Innovation Technology Action Group (ITAG) by as an Innovative Educational Programs provider .
Through the (EITC) a business may be eligible to take up to a $300,000 tax credit if it is authorized to do business in Pennsylvania and is subject to one or more of the following taxes:
- 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
A portion of your EITC contribution goes to support youth, career-awareness events coordinated by the ITAG. Programs include the award winning Girl’s Exploring Tomorrow’s Technology, as well as TechiesDay, TechTrek, and the Smart Energy Tour.