EITC – Educational Improvement Tax Credit
OSTC- Opportunity Scholarship Tax Credit Programs.
The Commonwealth of Pennsylvania offers the opportunity for business owners to redirect their tax dollars to Saint Basil Academy through the EITC and OSTC programs. These two programs allow Saint Basil Academy an additional opportunity to offer financial assistance or scholarships to our students.
Qualifications to Participate include the following:
Eligible businesses must be authorized to operate in Pennsylvania and are subject to one or more of the following taxes:
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank and Trust Company Share Tax
- Title and Insurance Companies Shares Tax
- Insurance Premiums Tax
- Mutual Thrift Institutional Tax
You may read more about these programs by logging on to www.newpa.com, or you may contact Pat Brabson at 215-885-3771 ext.114 to further discuss this opportunity.