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E-Town Library Gets Approval for State Education Tax Credit

Businesses looking to contribute to the community and get a tax break at the same time now can make their contribution to the Elizabethtown Public Library.

This fall, the library was approved as an Educational Improvement Organization in Pennsylvania’s Educational Improvement Tax Credit program. The program allows EITC approved, participating businesses to receive a 75 percent tax credit when they contribute to an approved Educational Improvement Organization, up to a maximum of $750,000 per year.

The credit can be increased to 90 percent of the contribution if the business agrees to provide the same amount for two consecutive tax years, according to the state Department of Community and Economic Development, which administers the program. Tax credits may be applied against the tax liability of the business for the tax year in which the contribution was made, according to DCED’s website.

“The work we do at Elizabethtown Public Library, in our children and youth programs, is intentionally designed to improve the literacy of the community,” said Deb Drury, executive director. “Our team works diligently to ensure that the programs we offer will prepare children for success in school and for life after graduating.”

“Now businesses can play an important role in helping us achieve that goal through a contribution for which they can get tax credits,” Drury said. “It’s a win for them, it’s a win for the library, and it’s a win for the community.”

To be eligible, a business must be authorized to operate in Pennsylvania and subject to one of the following taxes: Personal Income, Capital Stock/Foreign Franchise, Corporate Net Income, Bank Shares, Title Insurance & Trust Company Shares, Insurance Premium (excluding surplus lines, unauthorized, domestic/foreign marine), Mutual Thrift, Malt Beverage, or Retaliatory Fees under section 212 of the Insurance Company Law of 1921. Businesses interested in this tax credit program can find information about the program, including application information at www.dced.pa.gov/programs/educational-improvementtax-credit-program-eitc.

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