Learn More about EITC
What is the EITC Program?
The Educational Improvement Tax Credit (EITC) program provides tax credits to eligible businesses contributing to a participating Educational Improvement Organization (EIO). This program was created to provide an incentive for charitable giving by Pennsylvania businesses.
Upon approval, the taxpayer can receive a credit for between 75% – 90% of their Pennsylvania state tax liability by making a contribution to Snider.
Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made.
Any Pennsylvania business (other than a Sole Proprietorship) that pay any of the following taxes are eligible to participate in the EITC program:
- Personal Income Tax of S Corp Shareholders or Partnership Partners
- Corporate Net Income Tax
- Capital Stock Franchise Tax
- Bank & Trust Company Shares Tax
- Insurance Premium Tax
- Title Insurance Company Shares Tax
- Mutual Thrift Institutions
- Malt Beverage Tax
Why Support Snider through EITC?
Snider is more than a hockey organization. Hockey is just our “hook” used to capture the attention of our students. Your support will benefit a wide array of programming including education, life skills hockey, mentorship, scholarship, and career exploration programming.
Know that your investment is wise! Your EITC dollars will be subject to the 2:1 match from the Support Organization that our founder, Ed Snider, set up prior to his death, thereby tripling your impact on our youth!