Nevada AB441 revises tax credit rules for donations to scholarship organizations.

Nevada AB441 amends tax credit provisions for donations to scholarship organizations. It requires scholarship organizations to expend donations within 18 months or repay unused credits to the Department of Taxation. The bill sets specific credit limits and carry-forward rules for certain fiscal years. It also mandates that organizations notify taxpayers if they fail to make donations within 30 days of approval, resulting in credit forfeiture.

Nevada AB441 revises tax credit rules for donations to scholarship organizations.

Nevada AB441 amends tax credit provisions for donations to scholarship organizations. It requires scholarship organizations to expend donations within 18 months or repay unused credits to the Department of Taxation. The bill sets specific credit limits and carry-forward rules for certain fiscal years. It also mandates that organizations notify taxpayers if they fail to make donations within 30 days of approval, resulting in credit forfeiture.