|Posted:||June 13, 2018 11:41 AM|
|From:||Representative Pam Snyder|
|To:||All House members|
|Subject:||Depressed Area Tax Credit|
|In the near future, I intend to introduce legislation providing businesses a tax credit for contributing to educational programs occurring outside the school setting and in areas the Secretary of the Department of Community of Economic Development (DCED) certify as economically disadvantaged. This is the perfect blend between the Educational Improvement Tax Credit (EITC) and the Neighborhood Assistance Program Tax Credit (NAP), as it would help encourage needed funding and support for educational opportunities but provide them in areas where they’re most underserved.
I’ve seen several examples, which I’m sure exist throughout the Commonwealth, where businesses already invest countless hours and offer needed funding towards educational programs in their community outside the school setting. My legislation would provide a practical incentive for even more businesses to get involved.
I hope you will join my efforts to incentivize businesses to invest in the next generation. We can do this by encouraging educational programs of innovation while promoting the empowerment of our youth.
Please join me in co-sponsoring this important legislation.
Introduced as HB2626