Posted: | May 5, 2020 11:50 AM |
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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