Nevada SB269 provides a tax credit for donations to the Graduate Medical Education Grant Program.

Nevada SB269 amends the Nevada Revised Statutes to establish a credit against the modified business tax for donations to the Graduate Medical Education Grant Program. The credit is equal to the amount of the donation, subject to approval by the Office of Science, Innovation and Technology. The total credits authorized for Fiscal Year 2025-2026 are capped at $4,000,000, with annual increases of 3 percent thereafter. The credit can be carried forward for up to five years if unused.

Nevada SB269 provides a tax credit for donations to the Graduate Medical Education Grant Program.

Nevada SB269 amends the Nevada Revised Statutes to establish a credit against the modified business tax for donations to the Graduate Medical Education Grant Program. The credit is equal to the amount of the donation, subject to approval by the Office of Science, Innovation and Technology. The total credits authorized for Fiscal Year 2025-2026 are capped at $4,000,000, with annual increases of 3 percent thereafter. The credit can be carried forward for up to five years if unused.