June 30 is the deadline for applying for this year’s Educational Improvement Tax Credit Program which can benefit groups involved in offering environmental education programs.

Eligible businesses can apply to the Department of Community and Economic Development for credits against a variety of businesses taxes. Credits of up to 75 percent of the value of their contributions to eligible educational programs to a cap of $200,000 annually are available on a first come, first served basis.

For educational programs to qualify for tax deductible contributions, they must be pre-approved and meet the guidelines for a qualifying educational program.

Up to $60 million has been available annually for this program.

For applications and more information, visit the Educational Improvement Tax Credit Program webpage.

4/14/2006