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Pennsylvania House of Representatives
04/18/2024 05:39 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20190&cosponId=31721
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2019 - 2020 Regular Session

MEMORANDUM

Posted: May 5, 2020 11:50 AM
From: Representative Stephen Barrar
To: All House members
Subject: EITC Application Extension
 
In the near future, I plan to introduce legislation extending the Educational Improvement Tax Credit (EITC) application deadlines for business who are reapplying, in the middle of their 2-year commitment and initial applicants by 3 months.

Given the current financial situation sweeping across the Commonwealth as a result of Covid-19, it is imperative that we provide an extension for organizations. This will afford them the opportunity to solicit donations once our economy is rebounding. These tax credits are a vital resource for Scholarship Organizations, Educational Improvement Organizations and Pre-Kindergarten Scholarship Organizations.

Currently the application deadline is May 15 for business applicants reapplying to renew a 2-year commitment and for businesses in the middle of their 2-year commitment and, July 1 for all other businesses for initial applicants and applicants wishing to submit additional applications on top of their previously submitted 2-year commitment.

Please join me in co-sponsoring this legislation


Introduced as HB2498