Nevada Educational Choice Scholarship Program Update as of May 5, 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
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 requests sent in by an approved Scholarship Organization
must be approved 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”) 2022 the maximum amount of total donations
per NRS 363A.139 and NRS 363B.119 was $6,655,000.00. The Department approved 27
donation requests in the amount of $6,655,000.00 from approved SGOs and the
remaining balance is $0.
For FY 2020, 2021 and 2022 an additional amount was approved in
the amount of $4,745,000.00 per year per NRS 363A.139 and NRS 363B.119.
For FY 2020 the Department approved 43 donation requests in the
amount of $4,745,000.00. The remaining balance available is $0.
For FY 2021 the Department has approved 36 donations in the amount
of $4,084,511.33. The remaining balance is $660,488.67.
For FY 2022 the Department does not approve applications until FY
2021 is exhausted. Once 2021 is exhausted, the amount available will be
The total remaining balance available for application is $5,405,488.67.