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EITC
program can benefit Auberle, Serra Catholic
Wednesday,
July 6, 2005 |
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By PATRICK CLOONAN
Daily News Staff Writer
pcloonan@dailynewsemail.corn
Pennsylvania's Educational Improvement Tax Credit program
gives a tax break to businesses that contribute to scholarship
or educational improvement organizations.
The latter category covers Auberle in McKeesport, which is
hoping local businesses take advantage of a window of opportunity
that opened July l.
That was the day applications were issued on a first-come,
first-served basis for EITC in the fiscal year that runs through
June 30, 2006. State Department of Community and Economic
Development requires proof within 90 days that a donation
has been made.
"Businesses can take advantage of this Pennsylvania tax
credit program," Auberle spokesman Glenn Ryerson said.
"They can make a donation of tip to $100,000 a year over
two years. If they do it over one year, it's a 75 percent
tax credit; if they do it over two years, it's a 90 percent
tax credit."
Applications must be made to DCED's Economic Development Assistance
Office. The Commonwealth provides information at www. inventpa.com
or at www.newpa.com (search word "EITC")
"There are certain programs that
are eligible," Ryerson said.
At Auberle, there are two:
Auberle Computer Graphics & Design, which provides extensive
computer-design and business-skills training for teenagers
to run their own graphic arts and Web site design company.
- Auberle Culinary Arts, in which
teenagers receive hands-on culinary-arts training from professional
chefs as well as a broad education in all aspects of the
restaurant business.
Ryerson said EITC can be used by companies
that do business in Pennsylvania and are subject to taxes
on corporate net income, capital stock franchise, bank and
trust company shares, title insurance company shares, insurance
premiums or mutual thrift institutions.
EITC was devised in 2001, after plans
by the administration of Gov. Tom Ridge to get vouchers for
private schools failed to pass the General Assembly.
Serra Catholic High School also has
used EITC, which Principal Michael Luft called "critically
important, not just to Catholic education in the Diocese of
Pittsburgh, but throughout Pennsylvania."
Earlier this year, Enterprise Rent-A-Car donated $20,000 in
scholarship money to Serra through Bravo Educational Foundation.
Luft said 130 families have benefited from EITC.
"Since 2001, 1,900 companies have
taken advantage of (EITC)," state Sen. Sean Logan, D-Monroeville,
said. "Thirteen percent gave $100,000 or more."
Auberle, established on land willed
to the Pittsburgh Diocese by the late Pauline Auberle, talks
in its mission statement of servicing the needs of children
and at-risk families "in the Catholic tradition."
Information is available at www.auberle.org
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