Nevada Educational Choice Scholarship Program Update


Nevada Educational Choice Scholarship Program Update as of July 21, 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 MUST be sent to the Carson City address for posting. 

 

For Fiscal Year 2021-2022 the maximum amount of total donations per NRS 363A.139 and NRS 363B.119 (4) is $6,655,000.00. The Department has approved 11 donation requests in the amount of $1,440,000.00 from approved SGOs and the remaining balance is $5,215,000.00.

 

For Fiscal Year 2020, 2021 and 2022 an additional amount was approved in the amount of $4,745,000.00 per NRS 363A.139 and NRS 363B.119 (5). The amount of $14,235,000.00 will become available for application once the initial $6,655,000.00 is exhausted or will be carried over to FY 2022.