AB599
AN ACT relating to education; requiring a scholarship organization to register in order to participate in the Nevada Educational Choice Scholarship Program; limiting the period that a donation to a scholarship organization may be carried forward; requiring the Department of Education and scholarship organizations to report certain information; providing the procedure for applying for a grant; requiring a scholarship organization to establish certain procedures; establishing the order of priority in which grants must be awarded; requiring a school that receives a grant on behalf of a pupil under the Program to report certain information regarding the academic progress of such pupils; increasing the total amount of credits the Department of Taxation is authorized to approve each fiscal year under the Program; and providing other matters properly relating thereto. Close title AN ACT relating to education; requiring a scholarship organization to register in order to participate in the Nevada Educational Choice Scholarship Program; limiting the period that a donation to a scholarship organization may be carried forward; requiring the Department of Education and scholarship organizations to report certain information; providing the procedure for applying for a grant; requiring a scholarship organization to establish certain procedures; establishing the order of priority in which grants must be awarded; requiring a school that receives a grant on behalf of a pupil under the Program to report certain information regarding the academic progress of such pupils; increasing the total amount of credits the Department of Taxation is authorized to approve each fiscal year under the Program; and providing other matters properly relating thereto.
Introduction Date
Tuesday, May 27, 2025
Primary Sponsor
Assembly Committee on Ways and Means
Public exhibits
0
Support 0 · Opp 0 · Neutral 0
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to education; requiring a scholarship organization to register in order to participate in the Nevada Edu
Existing law establishes the Nevada Educational Choice Scholarship Program. (NRS 388D.250-388D.280) Under existing law, financial institutions, certain mining businesses and other employers are required to pay an excise tax (the modified business tax) on the wages paid by them. (NRS 363A.130, 363B.110) The Program establishes a credit against the modified business tax paid by certain businesses equal to an amount which is approved by the Department of Taxation and which must not exceed the amount of any donation of money which is made by a taxpayer to a scholarship organization that provides grants on behalf of pupils who are members of a household with a household income which is not more than 300 percent of the federally designated level signifying poverty to attend schools in this State, including private schools, chosen by the parents or legal guardians of those pupils. (NRS 363A.130, 363A.139, 363B.110, 363B.119, 388D.270) Existing law authorizes the Department, each fiscal year, to approve applications for the credit under the Program until the total amount of credits authorized and approved by the Department is $6,655,000. (NRS 363A.139, 363B.119) Sections 11 and 12 of this bill increase the total amount of credits that the Department is authorized to approve to $8,725,000 for Fiscal Year 2025-2026 and $10,725,000 for Fiscal Year 2026-2027 and each subsequent fiscal year. Existing law requires each school in which a pupil is enrolled for whom a grant is provided by a s
NELIS exhibits (0 on file)
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