SB 269
Provides a credit against the modified business tax for certain donations to support graduate medical education. (BDR 32-578)
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Bill overview
This bill creates a tax credit for Nevada businesses that donate money to the Graduate Medical Education Grant Program. The credit is against the modified business tax and is capped at $4 million for Fiscal Year 2025-2026, increasing by 3% annually. Businesses must apply for the credit, and approved amounts can be carried forward for up to five years. The bill also amends the excise tax on wages to align with existing law and clarifies the application process for the credit.
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