Nevada Administrative Code
NAC-388D - Alternative School Choices
388D.060 - Notice to Department of Taxation of certain donations received by registered scholarship organization; maximum duration to carry forward donation.

Universal Citation: NV Admin Code 388D.060

NAC 388D.060 Notice to Department of Taxation of certain donations received by registered scholarship organization; maximum duration to carry forward donation. (NRS 388D.270)

1. A scholarship organization that is registered with the Department of Education pursuant to NAC 388D.030 shall notify the Department of Taxation in writing not more than 10 days after receiving a donation from a taxpayer pursuant to NRS 363A.139 or 363B.119, as applicable, of the amount of the donation.

2. Any donation received by a scholarship organization must not be carried forward for more than 5 years after the last day of the calendar year in which the donation is made.

(Added to NAC by Dep’t of Education by R035-15, eff. 10-27-2015) — (Substituted in revision for NAC 385.603)

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