Bill > AB441

This bill revises provisions of the Nevada Educational Choice Scholarship Program, which provides tax credits to taxpayers who donate to scholarship organizations that help low-income students attend schools of their parents' choice. The bill establishes a new application process for tax credits, requiring scholarship organizations to submit applications between May 1 and June 1 each year, with the Department of Taxation reviewing and approving applications by July 1. The bill introduces a priority system for approving tax credits, first focusing on renewing grants for previous scholarship recipients, then their siblings, and finally other applicants. If insufficient credits are available, they will be allocated proportionally among scholarship organizations. Additionally, the bill mandates that scholarship organizations must spend the entire donated amount within 24 months of credit approval, or repay the corresponding tax credit to the Department of Taxation. The bill also requires scholarship organizations to be domestic nonprofit corporations and maintains the existing requirement that these organizations provide grants to pupils from households with incomes not exceeding 300 percent of the federal poverty level. These changes aim to improve the administration and effectiveness of the educational scholarship program by ensuring more structured and accountable use of tax credit donations.

Budget and Finance, Business and Industry

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12649/Overview