What is the Louisiana School Readiness Tax Credit (SRTC)?
The SRTC’s are a package of refundable state tax credits designed to support and enhance the quality of early childhood education in the state. The SRTC became law R.S. 47:6107 during the 2007 regular session of the Louisiana Legislature. The tax credits became effective January 1, 2008.
How does the School Readiness Tax Credit Work?
Businesses can receive a dollar-for-dollar 100% refundable tax credit up to $5,000 for donations to Child Care Resource and Referral Agencies.
Volunteers of America’s Partnerships in Child Care program is the resource and referral agency for the Greater Baton Rouge, Acadiana and Southwest Louisiana regions.
Which businesses are eligible?
All businesses with a Louisiana Tax ID number are eligible including any for-profit or non-profit entity, sole proprietors, partnerships, limited liability corporations and corporations.
The School Readiness Tax Credit is not available to individuals who make donations.