Nevada Educational Choice Scholarship Program Update


Nevada Educational Choice Scholarship Program Update as of November 16, 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 2022, the Department received 32 donations in the amount of $4,745,000.00. FY 2022 is now exhausted.

 

The total remaining balance available for application until next FY is $0. If any funds are forfeited, they will be offered to the last SGO that received a partial approval.

IMPORTANT NOTE: You may email, mail, or hand deliver all applications to the following address no sooner than June 15, 2023. Applications are accepted in the order received. Approval letters will be sent at the start of the new FY.

Nevada Department of Taxation

ATTN: MBT Nevada Educational Choice Scholarship Program

1550 College Pkwy Ste 115

Carson City, NV 89701

 

Email to: nevadaolt@tax.state.nv.us