<p> Opportunity Scholarship Tax Credit Program (OSTC)</p><p>Do You or Your Business Pay PA State Taxes? Would You Prefer To Direct Those Tax Dollars to Berks Catholic Student Scholarships? THEN OSTC IS FOR YOU!</p><p>Who Can Participate? Any business entity EXCEPT sole proprietorships can participate.</p><p>How Much Of My Tax Liability Can I Donate Through OSTC? Your maximum contribution of $750,000 per tax year will allow you to receive up to a 90% tax credit for a two year commitment and up to a 75% tax credit for a one year commitment. Your contribution can also be deducted from your Federal taxes.</p><p>How Much Of My Contribution Goes To The School(s) I Designate? 100% of all OSTC contributions go directly to the school(s) designated by the business donor. </p><p>How Do I Apply? </p><p>September 2014 – June 30, 2015  Go to www.newPA.com and complete the Single Online Application. For Step-by-Step directions on how to complete the online application is on the same website under Opportunity Scholarship Tax Credit and scroll down to Businesses – Application Guide for Businesses For application submission support call Barbara Ann Shotwell 610-871-5200 Ext. 244</p><p>7 – 10 Business days after application is submitted  Business will receive approval letter from Dept. of Community & Economic Development(DCED)</p><p>Within 60 Days from Date of Approval Letter Business must make contribution to Eastern PA Scholarship Foundation and mail to EPSF Diocese of Allentown, PO Box F, Allentown, PA 18105-1538. Be sure to designate BCHS as the recipient of the funds.</p><p>Within 90 Days from Date of Approval Letter  Business must send copy of EPSF acknowledgement letter to DCED</p><p>If Business Intends to Pass-through Tax Credits to Personal Tax Returns of Shareholder, Partners, etc.  Business must file a Rev-1123 form with the PA Dept. of Revenue prior to or with their PA business tax return.</p><p>Who Can I Contact To Learn More About Making An OSTC Contribution to EPSF? Janis Geist, (610) 871-5200, Ext. 244 Email: [email protected] </p>