Rhoads Energy provides valuable support for education in Solanco

| February 19, 2016

SEF - EITC - RhoadsWEBRhoads Energy is a strong supporter of education in Solanco, and has once again provided a generous donation to the Solanco Education Foundation that will provide valuable resources for important educational projects in Solanco.
In the photo, Rhoads Energy CEO Michael F. DeBerdine III (right) presents a check to Sandy Tucker with the Solanco Education Foundation.
The Rhoads contribution was made to the Solanco Education Foundation (SEF) through the state’s Education Improvement Tax Credit (EITC) program. The SEF this year has also received an EITC contribution from Eschbach Bus Service.
Businesses that donate to the Solanco Education Foundation through the EITC program receive a 75% tax credit for the amount they have donated. Businesses that donate for two consecutive years or more receive a 90% tax credit. Businesses and corporations that pay Pennsylvania Corporate Net Income Tax, Capital Stock Franchise Tax, Bank and Trust Company Shares Tax, Title Insurance Company Shares Tax, Insurance Premiums Tax, or Mutual Thrift Institution Tax are eligible to participate in the EITC program.

S corporation shareholders and partnership partners that pay personal income tax also qualify for participation in the EITC program.

Category: Featured Stories

About the Author ()

Keith Kaufman is the Director of Community Relations for Solanco School District. 786-5617.

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