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Giving » EITC/OSTC

EITC/OSTC

What is EITC/OSTC?

The EITC and OSTC programs in Pennsylvania allow qualifying businesses and individuals to direct a certain portion of their corporate or personal income tax dollars to Center School, supporting financial aid assistance for eligible students and their families.

 
 

How to participate:

 

You can facilitate your participation through Friends of Education, LLC, an organization known as a Special Purpose Entity (SPE) that has applied for credits and has a  long term partnership with Center School, or you can apply to participate using the information below: 


1. Apply online via the link on the DCED Application page. Register for a login if you don’t already have one, and then complete the online application for either the EITC or OSTC program. Please note: You will be asked to select either EITC or OSTC in this application, and, in addition, if your first choice is unavailable, whether you would like to apply for the other program. Please answer YES to this question. There is virtually no difference from the business perspective. Center School qualifies for both programs. 


2. Upon receipt of your approval letter from the DCED, you have 60 calendar days from the date of that letter to make your contribution


3. An acknowledgment will be sent upon receipt of your check. Simply mail a copy of the acknowledgment to the PA Department of Revenue within 90 days of the date of your approval letter.

Participating as a Business Participating as an Individual
 You are eligible to apply for EITC/ OSTC   credits if your business is subject to: 
    • Personal Income Tax (must be secured through a pass-through entity or a Special Purpose Entity)
    • Capital Stock/Foreign Franchise Tax
    • Corporate Net Income Tax
    • Bank Shares Tax
    • Title Insurance & Trust Company Shares Tax
    • Insurance Premium Tax
    • Mutual Thrift Tax
    • Malt Beverage Tax
    • Retaliatory Fees under section 212 of the Insurance Company Law of 1921
You are eligible to apply for EITC/ OSTC credits if you are subject to: 
    • Personal State Income Tax (must be secured through a pass-through entity or a Special Purpose Entity)
    • Can commit to a two-year agreement to receive a 90% credit on state taxes
 
Please consult your tax advisor to confirm eligibility.
 
 
 
 
 
 
 
 
 
  • Or, complete the online application every year, through the DCED application listed above.