Corporate Funders

To be eligible to receive a tax credit against the business privilege tax through PREP a corporate funder must have no outstanding tax delinquencies with the City of Philadelphia. To see if any delinquencies exist please contact the Revenue Department at 215-686-6600 or visit the Business and Earnings Tax Unit located at Lower Level, Municipal Services Building, 1401 John F. Kennedy Boulevard, PA 19102.

In general, if the taxpayer has received a PREP tax credit for a charitable contribution, it may not be permissible also to claim a deduction on the taxpayer’s federal tax return for that charitable contribution to the extent of the credit received. In all cases it is recommended a corporate funder consult its tax advisors on the amount of any charitable contribution it plans to apply for a tax credit against its business privilege tax through PREP and on the amount of that contribution it plans to deduct from its federal tax returns.

Step 1: Complete application

  • Applications for participation in PREP are available on the main P.R.E.P page
  • Download application and complete in its entirety printing neatly.
  • Compile all required attachments.
  • Applications can be sent in via US mail or hand delivery.

Mail to:
Revenue Commissioner
City of Philadelphia Municipal Services Building
1401 John F. Kennedy Boulevard – Room 630
Philadelphia, PA 19102

Hand Delivery:
Revenue Commissioner
City of Philadelphia
Municipal Services Building
1401 John F. Kennedy Boulevard – Room 630
Philadelphia, PA 19102
Hours: 8:30 am – 5:00 pm

Step 2: Sign agreement

  • If the application was approved 2 copies of the Agreement will be sent via certified mail for signature.
  • Upon signing and returning the Agreements to the Revenue Department, a fully executed copy will be returned to the business via certified mail.

Step 3: Make charitable contribution

  • Form a partnership with a non-profit who has already completed an application, been approved and executed an Agreement with RISE The result of this partnership is the corporate funder making a charitable contribution to the non-profit.
  • Provide an award letter to the non-profit indicating the name of the non-profit the charitable contribution is intended for, the amount of the charitable contribution, the name of the specific program the charitable contribution is to fund or if it is for general operating expenses, number of full-time and/or part-time positions anticipated, wages and length of employment.

Step 4: NA

Step 5: Request tax credit

  • If still meets all the eligibility requirements outlined to receive the tax credit through PREP, completes application for receipt of tax credit through PREP. Applications are found on RISE‟s website at www.phila.gov/Reentry and the Revenue Department‟s website at www.phila.gov/Revenue. Must acknowledge in appropriate place of application requesting because of a charitable contribution to a non-profit.
  • Download application and complete in its entirety printing neatly.
  • Compile all required attachments.
  • Applications can be sent in via US mail or hand delivery.

Mail to:
Revenue Commissioner
City of Philadelphia Municipal Services Building
1401 John F. Kennedy Boulevard – Room 630
Philadelphia, PA 19102

Hand Delivery:
Revenue Commissioner
City of Philadelphia
Municipal Services Building
1401 John F. Kennedy Boulevard – Room 630
Philadelphia, PA 19102
Hours: 8:30 am – 5:00 pm

  • If application for tax certificate is approved the business will receive a letter and the certificate via US mail notifying them.
  • When the business is ready to claim/request the tax credits, it submits the tax certificate for the tax credit to be issued.

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