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Educational Tax Improvement Credits

Corporate EITC Contributions

Civic Theatre of Allentown is excited to announce its eligibility in the Pennsylvania Educational Improvement Tax Credit program (EITC).

Through this program, your company may support Civic’s theatre programs that enhance educational opportunities for students, including free and discounted tickets school matinee performances of Main Stage Productions; outreach to youth through Civic’s arts-infused literacy program, Reading with Cat in the Hat and Friends, scholarships to Civic Theatre School, and the intergenerational stage of A Christmas Carol.

Your contribution to Civic will also generate a tax credit to be used against your Pennsylvania corporate taxes. In effect, your business can send your eligible tax dollars directly to the Civic, to give young people a quality educational experience in the arts.

Which companies are eligible?
A company authorized to do business in Pennsylvania is eligible to participate in EITC if the company pays one of these six taxes:
• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institutions Tax
Partnerships and LLP’s are not eligible.

How does the program work?

Your company can earn a 90% tax credit for its contribution if you participate for two consecutive years or a 75% tax credit if you participate for one year. For example, a $10,000 contribution to Civic ,as a qualified Educational Improvement Organization, earns a $9,000 PA tax credit if participating at the two-year level or a $7,500 PA tax credit at the one-year level. In addition to the tax credit, the entire $10,000 is considered a charitable deduction for both federal and state taxes, effectively reducing the cost of your donation to Civic to zero.

Your business must receive approval before you make a gift. When you receive written approval from DCED, you may send your contribution within 60 days to: Civic Theatre of Allentown, 527 N. Nineteenth Street, Allentown, PA 18104. We will mail you an acknowledgement letter and an appropriate receipt that you can send to DCED.

Complete the one-page application form, available by calling the Department of Community and Economic Development (DCED) at 717-787-7120 or click here to be directed to the DCED EITC webpage and download the application.

Timing is Essential

The state limits the amount of tax credits allowed each year, making it
important that your application is submitted on the first day of the state’s fiscal year,
July 1,2013. Last year, tax credits were exhausted by July 8. Your business must receive approval before you make a gift.

Civic would be pleased to hand deliver your application to the EITC office in Harrisburg on that date.

For More Information
Contact Nancy Keeler at Civic at 610-406-2017, ext. 201.