Tax Credit Fact Sheet PDF Print E-mail

ImageThe E.I.T.C. Program
A Win-Win for Your Company and for Imani Christian Academy

The Pennsylvania Educational Improvement Tax Credit (EITC) program allows businesses in the Commonwealth to earn a tax credit for up to 90 percent of their Pennsylvania taxes when they make a contribution to a Scholarship Organization, such as Imani Christian Academy.  

The contribution from the business can be in the form of a donation of cash, personal property or services.

Business Eligibility: Any business of any size authorized to do business in Pennsylvania who is 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; Title Insurance Companies Shares Tax; Insurance Premiums Tax; or Mutual Thrift Institution Tax.


Uses: Tax Credits may be applied against the tax liability of a business for the tax year in which the contribution was made.


Amounts: Tax credits equal to 75% of its contribution up to a maximum of $200,000 per taxable year; Can be increased to 90% of the contribution, if business agrees to provide same amount for two consecutive tax years.


Terms:  For fiscal year 2008-2009, applications will be accepted beginning July 1, 2008.  Applications are processed on a first-come-first-served basis by the state until the amount of available credits is exhausted.  


Approved businesses must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter.  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.

Where To Apply: DCED Center for Business Financing, Tax Credit Division, 400 North Street, 4th Floor, Commonwealth Keystone Building, Harrisburg, PA 17120-0225. Telephone: (717)-787-7120; Fax; (&17) 772-3581.

Your gift to our scholarship program through the EITC program can result in a substantial tax credit for your business and a generous blessing to our students and their families.  Thank you.


For more information, contact Robert Graham, Director of Development, Imani Christian Academy, at 412-436-1017 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
 

Imani Creed

An Imani student is spiritual.  We recognize the finished work of Jesus Christ.  We are thankful for the gift of the Holy Spirit, who walks with us.  We are comforted because the Lord is our Shepherd and we are glad because nothing can separate us from the love of Christ.

An Imani student is mentally strong.  We have been tried, tested and elevated to a level of academic excellence by pursuing our studies with passion.  We are world changers.  Our minds have been expanded and our purpose and destiny have collided with the reality of our aptitude.

An Imani student is socially responsible.  We have been developed in our service.  Our God-given gifts are on display for the benefit of all mankind through our service.  We live out the declaration and the designation of the Son of Man by recognizing the good in all men and serving them unselfishly.  Our goal in this is to die for others so they might realize the love of Christ.  No task is too small and no task is too large for we know that those whose paths we cross will recognize the love of Christ through our service to them.

By these standards, an Imani student can be identified. By these standards an Imani student is set apart.  By these standards, an Imani student will bless your heart.
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