Nevada Educational Choice Scholarship Program Update

During Nevada’s 2015 Legislative Session, Assembly Bill No. 165 (AB 165) was passed and signed into law by Governor Sandoval.  AB 165 established the Nevada Educational Choice Scholarship Program.  This program allows any taxpayer who is required to pay the Modified Business Tax pursuant to NRS 363A.130 or 363B.110 to receive a credit against the tax otherwise due for any donation of money made by the taxpayer to a scholarship organization that has been approved by the Nevada Department of Education.  Taxpayers who are interested in donating to an approved scholarship organization should contact the Department of Education to obtain a list of approved organizations. A list of approved scholarship organizations can also be found at: http://www.doe.nv.gov/Private_Schools/Nevada_Choice_Scholarship_Program/. Donation requests received by scholarship organizations must be approved by the Department of Taxation.  For Fiscal Year 2015-2016 the maximum amount of total donations which can be approved is $5,000,000.

As of 11/20/2015, the Department of Taxation has approved 54 donation requests from qualified scholarship organizations for a total of $5,000,000. 

As of 11/20/2015, the Department of Taxation has received confirmation from the scholarship organizations that they have received a total of $5,000,000 in actual donations which had been approved by the Department of Taxation.

The maximum amount of total donations for Fiscal Year 2015-2016 has been approved and confirmed.