Did you know The State of Pennsylvania says just about any business can send their tax liability check to MMI instead of to the Department of Revenue?
Pennsylvania is one of a few states in the nation which offers the Educational Improvement Tax Credit Program (EITC) and the Opportunity Scholarship Program (OSTC)!
The hardest part is convincing you how simple both programs really are.
Here's how it works...
The business you own or work for can send up to 90% of its annual PA tax debt to MMI for scholarships and only pay the State 10%. And the best part? The entire gift can be claimed on the business's federal tax return as a charitable gift too! Since 2005, MMI students have received nearly $3.3 million in scholarship support thanks to the contributions of many area companies through the Educational Improvement (EITC) and Opportunity Scholarship (OSTC) programs.
There's no long and detailed application process. Your business completes a simple online application. Don't own the company? No problem. Take the info to whoever handles such things and tell them about it! There's no research to be done, no calls to make, no hassle to go through. It is a win-win!
Want to read more about EITC and OSTC?
Go straight to the State's website at www.newpa.com to take a look at the PA State Guidelines...the program is growing and over $150 million in tax credits will be allocated in 2018-19 from the two programs.