Special Purpose Entities and LLCs:
you personally pay PA tax and want to support
Christian education through this program click here!
Educational Tax Credits for Businesses
1. EITC Pre-K 2.EITC K-12 3. OSTC
Existing Donors, please consider Champion Christian School
Register and apply online here
Helpful step by step guide in filling out the online application click here
Help students from failing schools with the PA Opportunity Scholarship Tax Credit Program!
General information about OSTC can be found at www.newpa.com/ostc
Christian Family & Children's Center EITC Business Supporters contact our executive director for additional information about these programs:
Dr. D. Merle Skinner, Executive Director Christian Family & Children's Center
2166 Indian Head Road Champion, PA 15622
724-455-2122 x103 email: firstname.lastname@example.org and put EITC in the subject line of your message
The EITC is a great program if you:
1. want to redirect your business taxes to benefit your community!
2. are supportive of Champion Christian School
3. are not a sole proprietor
Follow three simple steps to make this happen:
Step 1: Decide if you pay any of these PA taxes.
Subchapter S Corps, Limited Partnerships and other Pass through organizations (for example filing PA Forms 20S or 65)
Personal Income Tax Passed Through
Corporate net income tax
Capital stock/Foreigh Franchise tax
Bank Shares tax
Title insurance & Trust Company shares tax
Insurance premiums tax
Mutual thrift institutions (excluding surplus lines, unauthorized, domestic/foreign marine)
Surplus Lines Tax
Retaliatory Fees Under Section 212 of the Insurance Company Law of 1921
You can get up to 100% PA Tax Credit on your business tax return.....and still use it as a deduction on your Federal return !
Step 2: Apply online and decide which fund (EITC or OSTC).
1. EITC Pre-K or K-12 Program:
Go on the DCED website, register your organization and apply online . If there are funds available and the company does not owe back taxes, DCED will send an approval letter to the applicant. The company then has 60 days to make its donation(s) and 90 days to send proof of the donation(s) to DCED. Click here to see a sample tax calculation sheet that SubChapter S, Limited Partnerships, and other Pass Through Business entities can utilize. Email us if you need more information.
2. OSTC Program:
Guidelines Apply here General information: www.newpa.com/ostc
Step 3: Consider the Center's Scholarship Organization for your gift
There are three tax credit programs available that the Center participates in:
1. A K-12 Tuition Tax Credit for students in Elementary School and High School
2. An Early Education Tax Credit for students in Preschool.
3. An Opportunity Scholarship Program that
is designed to help students in the lowest 15% of failing public
schools in the Commonwealth.
Champion Christian Schools are our primary focus but we also manage funds for Covenant Presbyterian Church Preschool in Ligonier, Laurel Trinity Preschool, and Westmoreland Christian Academy.
Find out More about the Center's Scholarship Organization:
~ Find out how this is used at Champion Christian School & read success stories
~ How can you help?
~ Some business testimonials
~ Tuition Assistance Information at CCS
May 15th: Is the first day that businesses who have participated in one of the programs previously can re-apply for the next year. These would be Year 2 Applicants, and what are considered Year 3 Applicants (People who finished their Year 2 and are re-appllying again to the program).
July 1st: Is the first day the State (DCED) is accepting applications for the tax credit. It is very important to get your application in on this day! Applying for the credit does not mean you have to use it at this point. It means it is awarded and available for use. They will continually award credits (then later withdraw them if they are not used and re-issue them) until the credits are all actually awarded and taken.
Date Credit is Awarded: For all of the applications that come in on July 1st they are treated equally as having arrived at the same time. The State goes through these and then begins to issue credit award letters. For the applications submitted in July, sometimes this is in July and sometimes in Aug.
Date Donation made the Center's Scholarship Program: The actual check has to be received in our office and receipted within 60 days of the credit being awarded. This is commitment time for your business. The donation that you make can be for part of or all of your tax credit award, but not more.
End of Business Year: You apply your credit to your tax return, and utilize the gift portion that you are allowed. Your State Tax Credit is applied, and you also apply the donation as a gift on your Federal Return.
Yes! While deductions reduce your amount of taxable income, tax credits reduce your actual tax bill, dollar-for-dollar. A one year K-12 commitment allows a business 75% credit against taxes owed,however a company who makes the same commitment for two consecutive years to the K-12 Program will be eligible for a 90% credit. Tax credits are utilized AFTER your tax liability is established and eligible companies may take up to $400,000 in tax credits per year. This is even more (100%) for money given to the Pre-K Tax Credit.
The P-K Program allows 100% Credit for the first 10,000 and then 90% after that. Only a one year commitment is required. The funds are extremely limited for this fund, and they are very competetive. This credit is very competitive. We encourage businesses to act quickly and decisively and to utilize Center staff for any support we can provide for you in this program.