Nevada Educational Choice Scholarship Program Update


Nevada Educational Choice Scholarship Program Update as of November 22, 2021

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 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 7 donations in the amount of $1,799,661.33. The remaining balance is $2,945,338.67.

 

For FY 2022 the Department does not approve applications until FY 2021 is exhausted. Once 2021 is exhausted, the amount available will be $4,745,000.00.

 

The total remaining balance available for application is $7,690,338.67.