Opportunity Scholarship Tax Credit Election Form (REV-1123)-2025

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The document is an Educational Improvement/Opportunity Scholarship Tax Credit Election Form for pass-through entities in Pennsylvania. It outlines the process for irrevocably electing to pass tax credits through to shareholders, members, or partners. The form requires details about the entity, the amount of tax credit awarded, and how it will be distributed among owners. It emphasizes that separate elections must be submitted for each tax year and provides instructions on how to apply the credits against tax liabilities.

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Click ‘Get Form’ to open it in the editor.
Begin by filling out Section I with the Pass-Through Entity Name, Date Received, Address, and Contact Information. Ensure all details are accurate for processing.
In Section I, provide the Total EITC/OSTC awarded for the tax year and specify the Contribution Date. Enter the amounts clearly in the designated fields.
Indicate how much of the EITC/OSTC will be applied to your entity’s liability and how much will be passed through to shareholders, members, or partners.
Answer one of the two questions regarding whether the remaining EITC/OSTC will be passed through for use by owners in this year or next year.
Complete Section II for each shareholder, member, or partner receiving a pass-through credit. Include their names, Social Security numbers, and applicable percentages.
Finally, ensure that a corporate officer or authorized individual signs and dates the form before submission.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (161 Votes)
2019	4.3 Satisfied (172 Votes)
2018	4.3 Satisfied (61 Votes)
2017	4.1 Satisfied (52 Votes)
2015	4.4 Satisfied (62 Votes)
2013	4.1 Satisfied (63 Votes)

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