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Tax Credits for Businesses

How to Participate in the EITC
A business may receive a tax credit up to 90% for Pre-K contributions.

Businesses currently approved for the EITC

If your business is already approved for the Education Improvement Tax Credit, please consider including Diamond Street Early Childhood Center as a beneficiary.

Businesses not currently approved for EITC

New business applications (Initial applicants or those submitting an additional application) may be submitted on July 1.

If you are not familiar with the EITC tax credit and have interest in utilizing this great option, you might find the following useful. 

Businesses are eligible for EITC tax credits if they are authorized to do business in Pennsylvania and 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 unauthorized, domestic/foreign marine)

  • Mutual Thrift Tax

  • Malt Beverage Tax

  • Surplus Lines Tax

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For information about the EITC, see the official State​ website at http://dced.pa.gov/programs/educational-improvement-tax-credit-program-eitc/

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STEP-BY-STEP GUIDE for Businesses (available upon request)

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For more information contact Bethany Crane Jacke, Executive Director, at bethany@diamondstreet.org or 717-859-4272, or by visiting http://dced.pa.gov/EITC.

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Note: DSECC does not offer professional tax, legal, or accounting advice. This material is for informational and educational purposes only. For specific advice, please consult a qualified professional advisor.

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