Introduction of CTF for Businesses

Opening the Doors of Affordability for Families

The state of Pennsylvania provides three business tax credit options for supporting non-pubic school families with tuition assistance. Through the ACSI CTF program, businesses may elect to designate their contribution to a designated school.

Tax Credit Programs:  

  • Educational Improvement Tax Credit Program (EITC) for students in Grades K-12
  • Pre-Kindergarten Tax Credit Program (PKTC): for students 3 years of age or older in a pre-kindergarten program
  • Opportunity Scholarship Tax Credit Program (OSTC): for students K-12 that reside within the boundaries of state identified low performing schools.

 Business Eligibility:

  • Corporate Net Income Tax              
  • Capital Stock Franchise Tax
  • Insurance Premiums Tax                  
  • Bank & Trust Company Shares Tax
  • Mutual Thrift Institutions Tax            
  • Title Insurance Companies Shares Tax
  • Malt Beverage Tax
  • Subchapter S Corporations/Pass Through Entities

Amount of Tax Credits:

Participating business can receive up to a 90% state tax credit of the amount contributed - applied to any of the above tax areas. For a one-year commitment, the percentage is 75%. Federal deduction is eligible according to the charitable giving laws and based on the entire amount contributed. EITC/OSTC contribution cap: $750K/PKTC: 200K

Date to Apply:

Applications for new participating businesses will be accepted on July 1. For EITC & OSTC only, businesses that are coming off of a two year commitment, or beginning a new two year commitment, are to submit their application between May 15 and June 30.

Guidelines & Application:  

  • Guide for Completing Online Applications: newpa.com
  • Application: newpa.com

   Questions?