Rhoads Energy supports Solanco education

| November 1, 2013

SEF - DeBerdine - EITC-websiteRhoads Energy has provided a generous donation to the Solanco Education Foundation through the Educational Improvement Tax Credit (EITC) program.

Rhoads Energy CEO Michael F. DeBerdine III (left) presents Rhoads’ EITC check to Sandy Tucker with the Solanco Education Foundation.

Businesses that make donations 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.

“Donations through the EITC program provide valuable resources for important educational projects in Solanco schools,” Tucker said. “The Solanco Education Foundation greatly appreciates Rhoads Energy’s participation in the EITC program which benefits students, teachers and businesses in our community.”

Category: Community Happenings, Featured Stories

About the Author ()

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

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