SB252
AN ACT relating to education; establishing the Nevada Education Savings Account Program by which certain children may receive a grant of money for deposit into an education savings account; authorizing an account-granting organization to apply to the Department of Education for a certificate to open and manage education savings accounts; setting forth the duties and authority of a certified account-granting organization; establishing certain limitations on the use of money in an education savings account; exempting a child who receives an education savings account from certain educational enrollment and attendance requirements; establishing a credit against the modified business tax for taxpayers who donate money to an account-granting organization; and providing other matters properly relating thereto. Close title AN ACT relating to education; establishing the Nevada Education Savings Account Program by which certain children may receive a grant of money for deposit into an education savings account; authorizing an account-granting organization to apply to the Department of Education for a certificate to open and manage education savings accounts; setting forth the duties and authority of a certified account-granting organization; establishing certain limitations on the use of money in an education savings account; exempting a child who receives an education savings account from certain educational enrollment and attendance requirements; establishing a credit against the modified business tax for taxpayers who donate money to an account-granting organization; and providing other matters properly relating thereto.
Introduction Date
Thursday, February 27, 2025
Primary Sponsor
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Public exhibits
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Auditor findings
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recusal 0 · QPQ 0
AN ACT relating to education; establishing the Nevada Education Savings Account Program by which certain children may re
Existing law establishes the Nevada Educational Choice Scholarship Program, whereby a scholarship organization may provide a grant of money to allow certain pupils to attend a private school. (NRS 388D.250-388D.280) Section 2 of this bill establishes the Nevada Education Savings Account Program, whereby, under certain circumstances, an account-granting organization may establish an education savings account for a child. Existing law establishes a credit against the payroll tax paid by certain businesses equal to an amount 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 certain pupils. (NRS 363A.130, 363B.110) Sections 28 and 30 of this bill establish similar tax credits for a donation of money which is made by a taxpayer to an account-granting organization that provides grants of money to education savings accounts. Section 12 of this bill: (1) requires an account-granting organization to apply to the Department of Education for a certificate to participate in the Program; and (2) sets forth certain application requirements. Section 12 further provides that, if the application is approved, an account-granting organization may: (1) solicit and accept donations from certain taxpayers; and (2) provide grants to education savings accounts pursuant to the provisions of the Program. Section 21 of this bill sets forth certain requirements f
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