Pennsylvania Corporate Tax Credits for Low Income K-12 Scholarships
The Opportunity Scholarship Tax Credit Program (OSTCP) was created pursuant to Act 85 of 2012, which enables eligible students residing within the boundaries of a low-achieving school to apply for a scholarship to attend another nonpublic school.
In Pennsylvania, a low-achieving school is defined as a public elementary or secondary school that ranked in the lowest 15% of its designation as elementary or secondary for the school years shown below based on the combined Mathematics/Algebra I and Reading/Literature scores from the annual assessments administered (PASA, PSSA, and/or Keystone).
Pursuant to Section 2010-B of the School Code, 24 P.S. §20-2010-B, the Pennsylvania Department of Education is required to publish a list of low achieving schools.
A business firm may receive a tax credit equal to 75% of its contribution to an approved Opportunity
Scholarship Organization that is included on the current list published by the Department, up to a maximum
of $750,000 per taxable year. The tax credit may be increased to 90% of the contribution made, up to a
maximum of $750,000 per taxable year, if the business firm agrees to provide the same amount of
contribution to an organization for two consecutive years.
- Program Guidelines available at link below
- Program Guidelines Link
- To apply for a tax credit, complete the form below
- Questions regarding the program can be directed to: Amy Luksza (623) 217-5005 or [email protected]
Attention:
Failure to complete the form will result in a delay in the processing of the request, resulting in an extension of the twenty-day approval period and possibly being moved down in the line for credit requests.