Martin Library is approved to receive donations through the Educational Improvement Tax Credit Program (EITC) from eligible businesses in support of the Summer Reading Club (SRC) and author visits.  Deemed innovative educational programs because both enhance the academic curriculum within our county school districts, the SRC prepares students for the start of the next school year through an incentive based reading challenge and author visits bring renowned children’s authors into the classroom.  In 2007 these programs were supported by $96,000 in EITC contributions.

Each year the state legislature determines the amount of tax credits available for award to eligible businesses.  In 2007 more than 18 million dollars was allocated for Education Improvement Organizations.  Companies authorized to do business in Pennsylvania who are subject to one or more of the determined taxes may apply for the EITC program.  Within PA most eligible businesses qualify because they are subject to one of two tax categories: Corporate Net Income Tax and Capital Stock Franchise Tax.

Eligible EITC businesses may receive a tax credit equal to 90% of the contribution made if the business agrees to provide the same amount of contribution to the library for two consecutive years.  A one-time donation approves the business for a tax credit equal to 75% of the contribution. 

Mutually beneficial to both the library and the contributing company, the EITC program enables businesses to decide how to spend their tax dollars.  Additionally, tax credits enable eligible smaller businesses to make contributions when they before lacked the capital to do so.  The EITC program gives the business community a way to be directly involved in education.

To learn more about how your business may qualify for the EITC program or how to renew your EITC application, please contact Karla Heberlig, Donor Relations Manager, Martin Library 717.849.6967.  Applications for tax credits for program fiscal year 2008-09 (July 1, 2008 through June 30, 2009) will be accepted by the PA Department of Community and Economic Development beginning July 1, 2008.  Additional information about the EITC program may be found here. 

For additional information please contact the Development Office at 717.849.6967.