Hello there, business owners!
We are excited to share a fantastic opportunity to positively impact your Great Valley schools while saving on taxes. How about telling Harrisburg that you want your tax dollars to support innovative programming in your Great Valley schools? If that sounds appealing, then you may be interested in the Pennsylvania Educational Improvement Tax Credit (EITC) program that offers substantial business tax credits.
So, how can your business benefit from the EITC program? By allocating funds to the Great Valley School District Education Foundation (GVSDEF) through the EITC program, your company can receive substantial state tax credits. This program not only helps alleviate your tax burden but also significantly impacts the quality of education in our schools, ensuring that Great Valley remains a premiere community in Pennsylvania.
Are you interested in directing your company's tax dollars to benefit your community? The good news is that it's relatively easy! Qualifying businesses that are new to the EITC program can complete a simple one-page application and submit it to the DCED on July 3rd. You can find the application forms online at PA Dept. of Community and Economic Development.
Keep in mind that the program's tax credits are exhausted in just one day, so it's crucial to get your application in for review on July 3, 2023.
Participation is available for one or two years, and the tax credit is 75% per year against taxes owed. If your company provides a written two-year commitment of equal funding, the credit increases to 90% annually. That's quite an advantage!
Now, let's explore what benefits your company can enjoy by donating to GVSDEF through EITC. First, you'll maximize your contribution without any additional out-of-pocket expenses. Secondly, you'll boost your goodwill within the community and support public education, which is often faced with underfunded state and federal mandates. Moreover, you can direct where your tax dollars are spent. Isn't that fantastic?
Curious about what kinds of programs your EITC money will support? Well, the foundation has some incredible initiatives lined up. Your EITC dollars support innovative STEM and Arts programs that enhance student learning and help improve core curriculum experiences, as well as programs that offer instructional design centers that provide hands-on, real-world activities. There are opportunities to support dual enrollment for high school students to earn college credits or advanced placement at authorized two-year or four-year colleges and universities. To learn more, please visit our EITC page.
We hope you find this information helpful, and you are inspired to participate in the EITC program. Don't hesitate to contact us if you have any questions or need assistance with the application process. Thank you for considering this opportunity to positively impact your community while saving on taxes!
For more information on programs supported by your EITC contribution, please email: hello@gvsdef.org
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