EDUCATIONAL IMPROVEMENT TAX CREDIT

Reduce Taxes and Help Preschoolers Learn

A business firm may receive a tax credit equal to 100% of the first $10,000 contributed to a Pre-Kindergarten Scholarship Organization (United Way of Lancaster County) during the taxable year, and may receive a tax credit equal to 90% of any additional amount contributed during the taxable year, up to a maximum of $200,000 of tax credits per taxable year.

Business firms may apply the credit against the following: 
• Personal Income Tax 
• Capital Stock/Foreign Franchise Tax 
• Corporate Net Income Tax 
• Bank Shares Tax 
• Title Insurance & Trust Company Shares Tax 
• Insurance Premiums Tax excluding surplus lines, unauthorized, domestic/foreign marine) 
• Mutual Thrift Tax 
• Malt Beverage Tax 
• Surplus Lines Tax

United Way of Lancaster County has been approved as a Pre-K Scholarship Organization by the Pennsylvania Department of Community and Economic Development (DCED). This designation allows us to deploy business tax credits to provide scholarships averaging $1,500 per child so qualified 3-6 year old children across Lancaster County can attend high-quality pre-kindergarten programs.

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