Additional financial assistance is available through:
- EITC – www.newpa.com
What is the EITC Program?
The Educational Improvement Tax Credit (EITC) program allows Pennsylvania businesses to divert state business taxes from Harrisburg to help needy families pay tuition at HTS.
The EITC program provides companies with a 75% tax credit for donations to a non-profit scholarship or educational improvement organization (CDTCA is approved as a scholarship organization).
The tax credit increases to 90% if the company commits to making the same donations for two consecutive years. A business paying taxes in Pennsylvania can receive up to $400,000 in tax credits annually. More importantly, the EITC provides children and families with a choice in their education.
We’d like to extend our sincere appreciation to those businesses that have provided money to our school through their Educational Improvement Tax Credit Donations. This money is used to fund our school’s SOS scholarships. Go to the link here for more information http://diopitt.org/secretariat-leadership-development-evangelization/educational-improvement-tax-credit-program-eitc
How does the EITC Program Work?
Businesses must first go through a one-time registration process on the application page below in order to create an online account with a user name and password. This can be done now.
After filing the application online, the business must submit the signature page to DCED via US mail. Once your application is submitted it will not lose its place in line, it just cannot be processed until the signature page is received. EITC/OSTC business applications will be processed based on the online submission date.
Eligible Tax Credits
Tax credits can used against the following taxes:
- Capital stock/foreign franchise tax
- Corporate net income tax
- Bank and trust company shares tax
- Title insurance companies shares tax
- Insurance gross premiums tax
- Mutual thrift tax
- Personal income tax
When do you apply?
The deadline to submit your application for the EITC program is July 1, 2016 when making a one year commitment.
- OSTC – www.esa.dced.state.pa.us
Opportunity Scholarship Tax Credit Program
This funding is available to families whose students reside within the attendance boundaries of a low-achieving school as determined by the Pennsylvania Department of Education and who meet the income qualifying guidelines.
- Bishop’s Education Fund (BEF) – PSAS Form (PDF)
BISHOP’S EDUCATION FUND
The Bishop’s Education Fund, which was founded over a decade ago and which has awarded millions of dollars in grants to Catholic school students in our Diocese, is awarded on the basis of financial need.
To be eligible, applicants must (1) be practicing Catholics registered in a parish in the Diocese of Pittsburgh, (2) attend one of the diocesan, parish, or regional schools and (3) have demonstrated financial need. In general, grants from the Bishop’s Education Fund have ranged from $150 to $250 for elementary students and from $250 to $350 for high school students, with the largest grants going to the most needy.
How do I apply? To be considered for the Bishop’s Education Fund, simply fill out and submit the Private School Aid Service (PSAS) form by March 15 of the upcoming school year.