Nevada Educational Choice Scholarship Program Update


Nevada Educational Choice Scholarship Program Update as of September 13, 2022

 Nevada Revised Statute ("NRS") 363B.119 states that any taxpayer who is required to pay a tax pursuant to NRS 363A.130 and 363B.110 may receive a credit against the tax otherwise due for any donation of money made by the taxpayer to an approved Scholarship Grant Organization (“SGO”) by the Nevada Department of Education.    

   

Taxpayers interested in donating to an SGO should contact the Department of Education to obtain a current list of approved organizations. This list can also be found at the following website: http://www.doe.nv.gov/Private_Schools/Nevada_Choice_Scholarship_Program/    

Donation applications sent by an approved SGO must be authorized by the Department of Taxation (“Department”).  All Taxpayer approved donation credit notices and returns MUST be sent to the Carson City address for posting. 

For Fiscal Year (“FY”) 2023, the maximum amount of donations per NRS 363A.139 and NRS 363B.119 was $6,655,000.00. The Department received 26 donations in the amount of $6,655,000,00. The remaining amount available for application is $0.

For FY 2021 and 2022, an additional amount approved per NRS 363A.139 and NRS 363B.119 was $4,745,000.00. FY 2021 was exhausted. 

For FY 22, The Department has received 22 donations and so far has approved the amount of $1,964,511.33. The remaining balance is $2,780,488.67.

The total remaining balance available for application until next FY is $2,780,488.67.