New for the 2008-2009 fiscal year, subchapter S-corporations and other "pass-through" business entities will be able to use the credit against PA personal income taxes from the PA business income of the "pass-through" entity.

Companies can claim against:

• Corporate Net Income Tax
• Capital Stock and Franchise Tax
• Bank and Trust Company Shares Tax
• Title Insurance Companies Shares Tax
• Insurance Premiums Tax
• Mutual Thrift Institutions Tax
• Personal Income Tax Liability Tax **NEW!!!

View complete instructions and download a 2008 - 2009 application. [307K PDF]

View Sample Tax Calculations [25K Microsoft Excel spreadsheet] for:

• C-corporations
• S-corporations participation with the Capital Stock and Franchise Tax
• Subchapter S-corporation with PA Income Tax

Completed applications can be faxed to: 717.772.3581

Completed applications can also be mailed to:

Department of Community and Economic Development - Center for Business Financing
Tax Credit Division, 4th Floor
Commonwealth Keystone Building
400 North Street
Harrisburg, PA 17120

More information about the EITC program can be found by visiting the DCED website: http://www.newpa.com/programDetail.aspx?id=62