Individuals can join a Special Purpose Entity at PEP with a minimum contribution of $6,000 and a maximum of their Pennsylvania tax liability.
A business applies to participate by:
A business can participate both as a business and as an individual through a Special Purpose Entity. The individual does not need to reside, nor does the business need to be incorporated in Pennsylvania, but Pennsylvania taxes must be paid in both.
Eligible taxes to which credits may be applied include:
•Personal Income Tax
•Corporate Net Income Tax
•Franchise Tax Bank and Trust Company Shares Tax
•Title Insurance Company Shares Tax
•Insurance Premiums Tax
•Mutual Thrift Institutions Tax
•Personal Income Tax of S Corporation shareholders
•Personal Income Tax of partners in general, LLCs, or limited partnerships
Visit our pages for Individuals and for Businesses for further details.
Participating is easy. Try our EITC Calculator to learn how much you can contribute to the EITC program at https://form.jotform.com/232204598627057 and email our Executive Director Gwen Horowitz at gwen@paeitc.com to get started today.
We look forward to welcoming you as a PEP member!
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Phone: 610-668-0044 Email: Info@paeitc.com
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