EITC Program

A business is eligible to participate in the EITC Program if the business pays one of the following Pennsylvania taxes:

• Corporate Net Income Tax
• Capital Stock Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institutions Tax
• Personal Income Tax of S Corp shareholders and Partnership partners in a general or limited partnership

A business applies to participate by completing a simple one-page application form (Appendix 1-SO). The form MUST BE COMPLETED ELECTRONICALLY online through the Department of Community and Economic Development’s (“DCED”) website dced.pa.gov. For further information or questions, you can reach them at (717)787-7120.

As an individual you are eligible to participate in the EITC program by becoming a member of the SPE if you meet the following criteria:

• You are a Pennsylvania Resident
• You Qualify as an Accredited Investor under regulation D of the Securities Act
• You are a shareholder, partner, member or employee of a business firm
• You are not a member or employee of a non-profit or governmental entity
• You can make a two-year commitment for a minimum annual amount of $4,000

An individual will need to complete and execute a Subscription, Unit Purchase, and joinder agreement along with a purchaser questionnaire to become a member. Please contact the Business Manager for the required forms.