Business Owners Can Contribute State Tax Dollars to SGPS!
If you’re a business owner, you can reduce your state tax liability by making contributions to St. Gregory Parish School through the Diocese of Erie Star Foundation. The Pennsylvania Educational Improvement Tax Credit Program enables your business to:
- Receive a tax credit equal to 75 percent of your contribution to the STAR Foundation, up to a maximum of $200,000 per taxable year.
- Increase the tax credit to 90 percent of your contribution if the business agrees to provide the same amount of contribution to an organization for two consecutive years.
- For contributions for pre-kindergarten scholarships, receive a tax credit equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount contributed up to a maximum credit of $100,000 annually.
· All you Have to do is complete and submit an EITC application with the PA Department of Community and Economic Development (DCED), which will then determine whether your business qualifies for the credit. You should receive a confirmation letter (generally within 10 business days). Once confirmation is received, you have 60 days to make a donation to the STAR Foundation in the name of St. Gregory Parish School.( Any funds not designated will be distributed throughout the diocese.) Also, please notify SGPS of your contribution.
For more information
Contact Stacy Malesiewski, Director of Advancement
Phone: (814) 725-4571 ext 225
Fax: (814) 725-4572
Business Owners Can Contribute State Tax Dollars to SGPS!
If you’re a business owner, you can reduce your state tax liability by making contributions to St. Gregory Parish School through the Diocese of Erie Star Foundation. The Pennsylvania Educational Improvement Tax Credit Program enables your business to:
- Receive a tax credit equal to 75 percent of your contribution to the STAR Foundation, up to a maximum of $200,000 per taxable year.
- Increase the tax credit to 90 percent of your contribution if the business agrees to provide the same amount of contribution to an organization for two consecutive years.
- For contributions for pre-kindergarten scholarships, receive a tax credit equal to 100% of the first $10,000 contributed and up to 90% of the remaining amount contributed up to a maximum credit of $100,000 annually.
· All you Have to do is complete and submit an EITC application with the PA Department of Community and Economic Development (DCED), which will then determine whether your business qualifies for the credit. You should receive a confirmation letter (generally within 10 business days). Once confirmation is received, you have 60 days to make a donation to the STAR Foundation in the name of St. Gregory Parish School.( Any funds not designated will be distributed throughout the diocese.) Also, please notify SGPS of your contribution.
For more information
Contact Stacy Malesiewski, Director of Advancement
Phone: (814) 725-4571 ext 225
Fax: (814) 725-4572