EITC

The staff of the Office of Corporation released the following position statement in regards to EITC and Special Purpose Entities (SPE). SPE's exemption from registration requirements include several criteria including:

-SPE is registered under Pennsylvania law;
-SPE was created for the sole purpose of making contributions to educational institutions;
-That 100% of the proceeds from the sale of the units is used as a donation

Please read the attached for more information.

Speaker Turzai, Fellow Bipartisan Legislators Introduce Expanded Tax Credit Scholarships for Students
1/26/2017
HARRISBURG – Looking to expand school opportunities for students, legislation was introduced today by Speaker of the House Mike Turzai (R-Allegheny) to expand the state’s very successful public-private partnership education tax credit program.

Contact your Senators and the Governor
Let your PA Senators and the Governor know you support HB 752 which proposes a 100 million dollar increase to the EITC and OSTC Programs. These tax credits support our scholarship program at our school! Send your note of support at https://www.votervoice.net/ACSI/campaigns/40789/respond as soon as you are able. Please check the box that allows you to get further updates from ACSIPA!.