Want to keep your tax dollars local and support your future workforce?  Donate to the YES Northeast Certificate Program today through the Educational Improvement Tax Credit Program.
 
The Council, a 501(c)(3) charitable organization, is deemed an Educational Improvement Organization in providing innovative educational programs to, or in conjunction with, public schools.  PA businesses can apply for EITC credits through the Department of Community & Economic Development's electronic single application system.  Donating allows for businesses to support hundreds of local students in your community and all this will require is completion of the one-page application.
 
4 Simple Steps!

  1. Apply Online
  2. Receive Award Notification from DCED
  3. Donate
  4. Provide Letter of Receipt from Organization to DCED


Eligibility

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
Corporate Net Income Tax
Capital Stock Franchise Tax
Bank and Trust Company Shares Tax
Title Insurance Companies Shares Tax
Insurance Premiums Tax
Mutual Thrift Institution Tax
Insurance Company Law of 1921
Personal Income Tax of S corporation shareholders or Partnership partners
 
Funding

Two year agreement - 90% tax credit up to $750,000
One year agreement - 75% tax credit up to $750,000
 
Tax credit applications are 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.

Approval

DCED will notify you directly of approval.  An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made to an organization within 60 days of the notification letter.  DCED will then notify the Department of Revenue to apply the EITC against the appropriate taxes identified by the business. Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and are not refundable or transferable.

Deadlines

May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 14/15 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 Pre-K business applications

Example

Your business pays $10,000 annually in taxes.  If you apply for EITC tax credits and apply for a 2 year agreement, you will receive a 90% credit for each year.  $9,000 of your tax dollars is able to be directed locally, at your discretion, in 2015 and again in 2016.
 
Questions?

Contact the Council office at 570-622-0940 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for assistance in the application process.  We can even fill out the application for you, if needed.  Visit the DCED website to apply now! Support your future workforce and retain the talent in your community.