How do I Participate?
step
1
Calculate your PA tax liability for the year.
step
3
Upon approval of credit, donate to CSFP.
step
4
CSFP will give you a form to send to the state to receive your tax credit.
Today, there are millions in ostc dollars available for businesses OSTC targets low-income children who are trapped in the 15% lowest performing schools in PA with scholarships to attend a quality tuition-based school.
For the cost of a nickel, your company can donate a dollar in scholarship support that can dramatically alter the course of a child’s life.
Tax Credit Facts
Your company can apply the tax credit against these Pennsylvania taxes:
- Corporate Net Income Tax
- Personal Income Tax of LLC, S Corp
- Owners or members of a partnership
- Bank and Trust Company Shares Tax
- Title Insurance Companies Shares Tax
- Insurance Premiums Tax
- Other taxes
There is no minimum to participate in the PA Tax Credit program, and businesses can receive up to $750,000 in tax credits annually.