Tax credits to eligible businesses contributing to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization.
Business Application Timeline
01. May 15
Business applicants who have fulfilled their 2-year commitment and wish to reapply in the next fiscal year to renew their 2-year commitment
02. May 15
Businesses who are in the middle of their 2-year commitment.
03. July 1
All other businesses including Pre-K business applications.
Pass-through entities, such as S-Corporations, Partnerships, LLCs, etc., can now apply the same day as C-Corporations. Applications must be submitted electronically using DCED’s Single Application for Assistance. Paper business applications will no longer be accepted. See the business application guide in the box above.
OSTC Tax Credits Still Available!
Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
Tax credits equal to 75 percent of its contribution up to a maximum of $750,000 per taxable year. Can be increased to 90 percent of the contribution, if a business agrees to provide the same amount for two consecutive tax years.
Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:
An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter. Tax credits not used in the tax year the contribution was made may not be carried forward or carried back and are not refundable or transferable.
How To Apply
Pennsylvania businesses can begin applying for Educational Improvement Tax Credit through DCED’s electronic single application system. DCED will no longer require applicants to mail the signed signature page.
The business application guide explains the process of applying. Tax credit applications will be processed on a first-come, first-served basis by day submitted. 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.
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Salem Voices Speak
“The things I’ve discovered, the lessons I’ve learned, and the relationships I’ve built have affected me in such an amazing way, that I can’t imagine where I would be without Salem.”
“Salem has impacted my walk with God through community that I know I can depend on.”
“Every aspect of Salem has always tied in with God. Salem to me is not like a school, it’s like being at home.”
“Salem has put good habits in my life. To start each day with prayer is a really powerful thing.”
“The teachers incorporate some biblical aspect into [every class] and that’s really helped me see the world through God’s point of view.”
“Thanks to Salem, I can go into my “toolbox” and pull out verses to give me hope.”
“[At Salem], teachers love and care for you and want you to excel.”
“We love the impact this school is having both academically and spiritually.”
“Finding a school who teaches not only foundational knowledge, but to love God with the mind, body, and soul is rare, and is the quality of education we want for our [children].”
“Without Salem, there is no telling where I would be in standing with people and with The Lord. God has used those discoveries, lessons, and incredible people to change my life.”
“In a world that is ever changing and uncertain, we are thankful that our children are able to receive the caring, Christ-centered education that Salem provides.”
“Salem Christian School has been a blessing to my entire family. Men and women who serve in this ministry have had a profound impact on my family. When I think of the positive influence the school has had in forming my children’s Christian worldview, I know that it was significant. The school has been a very important part of my children’s academic and spiritual development. We will continue to support the school in any way we can, but especially through prayer.”