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Special Purpose Entities: An Innovative Expansion of the EITC Program

Special Purpose Entities: An Innovative Expansion of the EITC Program

Donate your tax Dollars to Bishop Carroll Catholic School!


What is a Special Purpose Entity?

A Special Purpose Entity is a new class of pass-through partnership that exists solely for the purpose of earning Educational Improvement (or Opportunity Scholarship) Tax Credits.


Who can join Special Purpose Entities (SPEs)?

Individuals and legal entities - not limited to partners or shareholders - can earn tax credits through SPEs.


Why are Special Purpose Entities of interest to small business owners?

SPEs are suitable for small business owners and individuals who do not want to bother with filing annual tax credit applications with the PA DCED or file additional tax forms with PA Revenue.


Can anyone join a Special Purpose Entity?

No. Employees of sole proprietorships and non-profit organizations are not eligible to join SPEs. However, if you file jointly ONLY one of you needs to draw income from a for-profit company.


How can I support Bishop Carroll Catholic High School by earning EITC tax credits through a Special Purpose Entity?

Interested individuals should review the membership joinder agreement of the Central Pennsylvania Special Purpose Entity, LLC, managed by Tyrone CPA Randy Tarpey.

The Central PA SPE is currently accepting pre-orders from individuals who meet its investment requirement s and can commit a minimum of $3,500 annually for two consecutive years.

Additional benefits may be gained if the individual is subject to the federal Alternative Minimum Tax (AMT). Membership in a special purpose entity becomes an investment with a return of a tax credit.

Randy and his team manage partnership agreements and member compliance tax documentation. Bishop Carroll Catholic High School receives member-designated contributions from Central PA Scholarship Foundation


For more information

Memberships in Central Pennsylvania Special Purpose Entity, LLC are available only until it has been fully subscribed.  Please contact either of the following for details.

Ellen Konkle
Development Coordinator
814-571-0576
This email address is being protected from spambots. You need JavaScript enabled to view it.

Randy Tarpey, CPA Sickler, Tarpey & Associates
227 Jefferson Avenue
Tyrone, PA 16686
(814) 684-4640
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Whether you are a member of our alumni, a prospective student, or just have a question, we would love to hear from you!

PHONE: 814.472.7500
FAX: 814.472.8020

ADDRESS:
728 Ben Franklin Highway
Ebensburg, Pa 15931

Summer Office Hours:
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