Business Tax Credits

What is EITC/
OSTC?

Similar to the successful Educational Improvement Tax Credit Program (EITC), through the Opportunity Scholarship Tax Credit Program (OSTC), PA companies that pay business taxes receive up to a 90% tax credit by donating to low-income youth through Jubilee.

1: Businesses that make a one-year contribution receive PA tax credits equal to 75% of their contributed amount.

2:  Businesses receive a 90% tax credit by making a two-year commitment of equal funding.

3: Businesses can request up to $400,000 in tax credits.

Click Here to read the full business guidelines.

How to prepare to apply:

1: Your EIN

2: Your business mailing address

3: Identify your legislator here.

4: Know what your PA corporate net tax bill will be for the current year.

How does my business apply?

1: Apply online here.

2: Business receives confirmation from the state.

3: The business must make its gift to a qualified scholarship organization within 60 days of receiving their tax credit approval letter.

4: The scholarship organization receipts the gift and the business provides proof of the gift to the DCED within 90 days of receiving the tax credit approval letter.

5: File your business tax returns. Please consult your tax advisor for filing specifics to your situation.

Next Steps:

If you are interested in applying, please contact:

Drew Skinner, Executive Director
dskinner@jubileefund.org
267-664-9517