EITC Program
Additional Information
The Mars Planet Foundation is an approved Educational Improvement Organization (EIO).
The Educational Improvement Tax Credit (EITC) program provides tax credits to eligible businesses contributing to Scholarship Organizations (including pre-kindergarten scholarship organizations) and Educational Improvement Organizations, in order to promote expanded educational opportunities for students in Pennsylvania.
The Educational Improvement Organization would be the "Mars Planet Foundation" for the Mars Area School District. This program requires the Department of Revenue to give Pennsylvania businesses tax credits if they make a contribution to a Scholarship or Educational Improvement Organization.
To qualify for this tax credit, businesses must donate cash, personal property or services to a Scholarship or Educational Improvement Organizations. The amount of tax credit that a business receives is dependent on the type of entity to which they make a donation.
