What is OSTC?

This program provides tax credits to eligible businesses contributing to an Opportunity Scholarship Organization, such as the Foundation for Catholic Education. Business contributions are then used by Opportunity Scholarship Organizations to provide tuition assistance in the form of scholarships to eligible students residing within the boundaries of a low-achieving school to attend another public school outside of their district or nonpublic school. A low-achieving school is defined as a public elementary or secondary school ranking in the bottom 15 percent of their designation as an elementary or secondary school based upon combined math and reading Pennsylvania System of School Assessment (PSSA) scores. To learn more visit here.

Business Application Timeline

Tax credits to eligible businesses contributing to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization.

• May 15 – Business applicants who have fulfilled their 2-year commitment and wish to reapply in FY 19/20 to renew their 2-year commitment.

• May 15 – Businesses who are in the middle of their 2-year commitment.

• July 1 – All other businesses including initial applicants and those applicants wishing to submit an additional application on top of their previously submitted 2-year commitment.

Uses

Tax credits may be applied against the tax liability of a business for the tax year in which the contribution was made. The tax credits awarded to businesses will be equal to 75 percent of their contribution amount, which can be increased to 90 percent upon the business committing for two years. The total may not exceed $750,000 per taxable year. 

Eligibility

Businesses authorized to do business in Pennsylvania who are subject to one or more of the following taxes:

• Personal Income Tax

• Capital Stock/Foreign Franchise Tax

• Corporate Net Income Tax

• Bank Shares Tax

• Title Insurance & Trust Company Shares Tax

• Insurance Premium Tax (excluding surplus lines, unauthorized, domestic/foreign marine)

• Mutual Thrift Tax

• Malt Beverage Tax

• Retaliatory Fees under section 212 of the Insurance Company Law of 1921

To Participate:

Please complete the EITC/OSTC Application Assistance Form Company Information here.  Please submit completed forms to the Foundation for Catholic Education here.

Thank you for supporting Catholic Education!  Our deepest gratitude those companies who provide our school families with tuition assistance through the EITC/OSTC Program:

For questions about OSTC donations or the application process, please contact  The Foundation for Catholic Education.