The Nevada Department of
Education does not send or accept scholarship applications. Please contact
the specific Scholarship Organization listed in the link below,
Nevada Revised Statute ("NRS") 363B.119 states that
any taxpayer who is required to pay a tax (Modified Business 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. Donation requests
sent in by an approved Scholarship Organization must be approved by the
Department of Taxation.
Want to Donate Funds?
To donate funds, please
contact the specific Scholarship Organization listed in the link below.
Overview
Nevada Revised Statute ("NRS") 363B.119 states that any taxpayer who is required to pay a tax (Modified Business 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. Donation requests sent in by an approved Scholarship Organization must be approved by the Department of Taxation.
The Nevada Department of Taxation must respond to the Scholarship Organization's application to accept said funds and authorize or deny this transaction. If the transaction is approved the Scholarship Organization must notify the taxpayer of the approval as well as the amount of credit approved. The taxpayer must make the donation within 30 days or forfeit the right to provide the funds and to received credit which as authorized by the Nevada Department of Taxation.
The Nevada Department of Education is responsible for determining the maximum amount of scholarship funding any one student may receive based on the Consumer Price Index. The maximum scholarship amount per-student for the 2022-2023 school year is $8,726.00.
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.