Your donation will support PTEI's educational programs, such as:

• Tissue Engineering Summer Camp for Middle School Students
• Summer Research Education for Teachers and Teacher Workshops (Act 48 approved)
• Summer Internship Program for Undergraduates
• Summer Internship Program for High School Students

These programs have been approved by the Pennsylvania Department of Community and Economic Development, which awards Tax Credits to Business Firms. To receive this tax credit, businesses must submit their application to DCED Center for Business Financing.

 

Education Tax Credit Application

Where To Apply:

DCED Center for Business Financing, Tax Credit Division, 4th Floor, Commonwealth Keystone Building, 400 North Street, Harrisburg, PA 17120: (717)-787-7120 or tknorr@state.pa.us. New business applications should be submitted on or after the first business day of the State fiscal year. Applications are approved on a first-come-first-served basis by date received.

 

Amounts:

• Tax credits equal to 75% of its contribution up to a maximum of $200,000 per taxable year;
• Tax credits can be increased to 90% of the contribution, if the business agrees to provide same amount for two consecutive tax years.
  

Terms:

An approved company must provide proof to DCED within 90 days of the notification letter that the contribution was made within 60 days of the notification letter. Tax credits not used in the tax year the contribution was made may not be carried forward or back and are not refundable or transferable.