AB 441
Revises provisions governing the Nevada Educational Choice Scholarship Program. (BDR 32-6)
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Bill overview
This bill revises the rules for the Nevada Educational Choice Scholarship Program, specifically focusing on how tax credits are applied. It requires scholarship organizations to apply for approval of tax credits between May 1st and June 1st, including detailed information about the students they plan to support. The Department of Taxation must then approve these applications by July 1st, prioritizing grants to students meeting specific criteria, such as those who applied in the previous year or are siblings of scholarship recipients. Furthermore, the bill mandates that scholarship organizations use donations for which they receive tax credits within 24 months and repay any unused credits to the Department of Taxation.
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