Pre-Kindergarten Tax Credit

Pennsylvania’s Educational Improvement Tax Credit Program (EITC)—Pre-K Tax Credit Program

The Educational Improvement Tax Credit Program (EITC) is good for Pennsylvania’s businesses and good for Pennsylvania’s children, families, and communities. Learn more about the EITC at www.newPA.com.
Download the EITC_Business Guidelines_2016

Generating Extraordinary “Dividends”

Instead of paying taxes directly to Pennsylvania, eligible businesses may instead support a qualified Pre-K Scholarship Organization, like Children’s Village.  This strategic investment yields long-term benefits, including a well-prepared work force.

Here’s How The Pre-K Tax Program Works:

  • 100% of every dollar up to $10,000 and 90% thereafter up to a maximum of $200,000 donated to a pre-kindergarten scholarship organization, like Children’s Village, can count towards one of several Pennsylvania state taxes.
  • Qualified businesses, including pass-through entities, may apply the credit against the following Pennsylvania state taxes:
    Capital Stock/Foreign Franchise Tax; Corporate Net Income Tax; Bank Shares Tax; Title Insurance & Trust Company Shares Tax; Insurance Premiums Tax; Mutual Thrift Tax; Tax under the Insurance Company Law of 1921; and Personal Income Tax.
  • All applications must now be completed and submitted online using the Pennsylvania Department of Community and Economic Development’s (DCED) SINGLE APPLICATION for assistance. You can submit online application starting July 1. The applications are processed on a first-come, first-serve basis — SO PLEASE DO NOT DELAY!
    Access the online application at http://www.newpa.com or www.esa.dced.state.pa.us.
  • When your application has been approved, designate your contribution to Children’s Village Child Care Center Scholarship Fund.

QUESTIONS?

Download our Pre-K Tax Credit FAQ and Children’s Village Fact Sheet 4_26_16.
The Pre-Kindergarten Tax Credit Program is part of the Pennsylvania’s EITC Program under the Department of Community & Economic Development. Visit>> http://www.newpa.com

Making An Impact That Lasts A Lifetime

Last year, businesses participating in the Pre-Kindergarten Tax Credit Program earned tax credits — and, in turn, opened the door to academic success for many children in need.

Contact Susan Frankel (215) 931-0196 or Ellen Saint Clair (215) 922-1737 for more information.

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