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Education Improvement Tax Credit (EITC) Program
Did you know that you can make a donation to Libertae, Inc. at absolutely ZERO cost to your company? The Commonwealth of Pennsylvania allows a business to receive tax credits equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount up to a maximum of $100,000 annually for contributions to Pre-Kindergarten Scholarship Organizations. Libertae is an approved Pre-K Scholarship Organization with the State. We are the only residential treatment program for women and children in the state with a fully licensed childcare center, Family Center. Our work with children of parents recovering from chemical dependency is critical to breaking the family cycle of addiction. You can play a critical part in giving a child back their childhood and a future.
This tax credits program is designed for companies 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; or Mutual Thrift Institution Tax.
Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
The application process is as simple as completing a one-page form.
“We have all heard the saying, ‘If it sounds too good to be true, it usually is. Our experience contributing to
Libertae disproves that adage. It was almost too easy.’ ”
After receiving tax credits, an approved company has 60 days to make the actual contribution to a scholarship organization. The final step in the simple process is notifying the Department of Community and Economic Development with proof that the tax credits have been used within 30 days of making the donation.
For more information or any assistance in applying for the tax credits, please contact Connie Karasow at 215-639-8681, ext. 210 or by Email at firstname.lastname@example.org. The Rades may be contacted at 800-233-0013 to share their experience with the Pre-Kindergarten Tax Credit Program.