Educational Improvement Tax Credit Program (EITC), a convenient way for businesses to support Colonial School District students
Through the Educational Improvement Tax Credit (EITC) Program, businesses have the opportunity to direct their tax dollars to support special projects in Colonial School District schools through the Colonial School District Education Foundation (CSDEF). Businesses that are approved for the EITC program would receive a 75% credit of the amount donated — or a 90% credit if the company provides a written two-year commitment at the same donation level. Eligible companies may take up to $300,000 in tax credits per year. Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
What businesses are eligible to participate?
Businesses authorized to do business in Pennsylvania who are subject to one of more of the following taxes:
- Personal Income Tax
- Capital Stock/Foreign Franchise Tax
- Corporate Net Income Tax
- Bank Shares Tax
- Title Insurance & Trust Company Shares Tax
- Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
- Mutual Thrift Tax
- Malt Beverage Tax
- Retaliatory Fees under section 212 of the Insurance Company Law of 1921
How do business apply?
Pennsylvania businesses can begin applying for EITC credits through the Pennsylvania Department of Community and Economic Development’s (DCED) electronic single application system. Click here to view or download the DCED's business application guide that explains the process of applying. Tax credit applications will be 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.
Business application timeline:
- May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 17/18 to renew their 2-year commitment.
- May 15 – Businesses who are in the middle of their 2-year commitment.
- July 3 – All other businesses including initial applicants and those applicants wishing to submit an additional application on top of their previously submitted 2-year commitment.
Colonials’ approved programs for funding:
Program 1: K-12 STEAM - Makerspace/Innovation Labs
Makerspace/Innovation Labs encourage students to design, experiment, build and invent as they deeply engage in Science, Technology, Engineering, Arts and Mathematics (STEAM). In Makerspace/Innovation Labs, teachers allow students to make connections across different subject areas and solve problems creatively.
Program 2: Open Minds Program
Open Minds is an innovation competition at Plymouth Whitemarsh High School (PWHS) that tasks students with researching real-world issues, identifying problems, proposing solutions and building prototypes. Teams of 2-4 students are mentored by PWHS faculty and LaSalle University students. The goals of the program include exposing students to STEAM college and career pathways, encouraging faculty across content areas to engage in STEAM activities and fostering a relationship with an area college.
Program 3: Technology Student Association
PWHS and Colonial Middle School (CMS) participate in the Technology Student Association (TSA), which provides local, state and national competitions in STEAM-related events. The events are designed to challenge student to view and explore the world around them in new ways and to provide students with the opportunity to solve real-world problems through The Four Cs (collaboration, critical thinking, creativity and communication), engineering design and leadership.
Program 4: Colonial School District Robotics Team
Students at PWHS and CMS in grades 6-12 who are interested in the field of robotics can participate in designing and building robots for in-school and after school activities, as well as events at local and national robotic competitions.
Program 5: Girls In Technology Academy
The Girls In Technology Academy (GIT) introduces high level technology concepts to female students entering fifth through eighth grades. The two-week summer program provides opportunities to explore, inquire and develop real-world skills related to Graphic Design and Digital Photography, Web Design, Animation and Gaming, Engineering and Robotics. The purpose of GIT is to pique the interest of girls in areas where females have been historically underrepresented.
Program 6: STEAM Career Exploration
Through STEAM Career Exploration, PWHS students will have a chance to see STEAM careers in action firsthand and interact with guest speakers in the field. The goal of the program is to provide learning opportunities outside of the classroom and have hands-on experiences in STEAM-related occupational fields of interest through job shadowing and internships.
Businesses must to apply to the Pennsylvania Department of Community and Economic Development on July 1 to be eligible. Funds are distributed on a first come, first served basis.