EITC – Educational Improvement Tax Credits

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DreamWrights is recognized as an Educational Improvement Organization (EIO)

Since 2003, DreamWrights is eligible to receive tax credit donations from businesses contributing to an Educational Improvement Organization. We are grateful for this generous support each year.

Tax Credits:

75% of a contribution up to a maximum of $750,000 per taxable year.
90% of a contribution if business agrees to provide same amount for two consecutive tax years.

These tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.

Business Application Timeline
May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 17/18 to renew their 2-year commitment.
May 15 – Businesses who are in the middle of their 2-year commitment.
July 1 – All other businesses including initial applicants.

Pass-through entities, such as S-Corporations, Partnerships, LLCs, etc., can now apply the same day as C-Corporations. Applications must be submitted electronically using DCED’s Single Application for Assistance.

WHO IS ELIGIBLE?
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
Personal Income Tax

  • Capital Stock/Foreign Franchise Tax
  • Corporate Net Income Tax
  • Bank Shares Tax
  • Title Insurance & Trust Company Shares Tax
  • Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
  • Mutual Thrift Tax
  • Malt Beverage Tax
  • Retaliatory Fees under section 212 of the Insurance Company Law of 1921

How to Apply

Pennsylvania businesses can begin applying for EITC credits through DCED’s electronic single application system.

The business application guide explains the process of applying. Tax credit applications will be processed on a first-come, first-served basis by day submitted. All applications received on a specific day will be processed on a random basis before moving on to the next day’s applications. Applications will be approved until the amount of available tax credits is exhausted.

Brief Walk-Through Guide on how to apply