Tax Credit Programs

Friends Collaborative tax credits are in high demand! If you are interested in learning more, please contact Cara Palladino at 215-576-3957 or cpalladino@abingtonfriends.net.

If your business is authorized to operate in Pennsylvania and pays one of the following taxes, you may be eligible for the Pennsylvania Educational Improvement Tax Credit Program (EITC) and the Pennsylvania Opportunity Tax Credit (OSTC).

• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Share Tax
• Title Insurance Companies Share Tax
• Insurance Premiums Tax
• Mutual Thrift Institutions Tax
• Personal Tax of S corporation shareholders or Partnership partners

Pennsylvania businesses can apply for Opportunity Scholarship Tax Credits through DCED’s electronic single application system. The business application guide, found here explains the process of applying. Additionally, you can contact the Advancement Office for guidance at 215-576-3967 or development@abingtonfriends.net.

Tax credit applications for both programs will be processed on a first-come, first-served basis by day submitted, so please submit your application on the first day your business is eligible. All applications received on a specific day will be processed on a random basis before moving on to the next day’s applications. Applications will be approved until the amount of available tax credits is exhausted.

The Advancement team would be happy to answer any questions about the Friends Collaborative, EITC or OSTC. Please contact us at 215-576-3957 or cpalladino@abingtonfriends.net