Act 194 Makes Trade Schools EITC Eligible

Pennsylvania House Bill 91, was signed into law as Act 194 of 2014 on Oct. 31 by Gov. Tom Corbett.

The new law gives public career and technical schools eligibility to participate in two nationally acclaimed tax credit programs, the state Educational Improvement Tax Credit (EITC) and Opportunity Scholarship Tax Credit (OSTC) programs, says State Rep. Jim Cox (R-129)

The EITC and OSTC programs allow eligible businesses that contribute to scholarship organizations affiliated with public or private schools to receive a tax credit equal to 75 percent of its contribution, up to a maximum of $750,000 per taxable year. The OSTC program targets students residing within the boundaries of low-achieving schools.

“Many of Pennsylvania’s 82 career and technical schools have limited options to receive scholarship donations,” said Cox. “This new law makes them eligible to take part in these popular tax credit programs that will improve the educational experience for students on a technical career path.”

Act 194 Makes Trade Schools EITC Eligible

Act 194 Makes Trade Schools EITC Eligible

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