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NV SB269
Bill
AI Summary
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Employers paying Nevada's modified business tax may claim a dollar-for-dollar tax credit for donations to the Graduate Medical Education Grant Program, which funds physician residency training and postdoctoral fellowships
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Total credits capped at $4,000,000 for Fiscal Year 2025-2026, increasing by 3% annually ($4,120,000 in FY 2026-2027)
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Taxpayers must apply to the Office of Science, Innovation and Technology before donating; the Office has 20 days to approve applications, processed first-come, first-served
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Donations must be made within 30 days of approval or the credit is forfeited; excess credits may be carried forward for up to 5 years
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Effective July 1, 2025
Legislative Description
Provides a credit against the modified business tax for certain donations to support graduate medical education. (BDR 32-578)
Last Action
(No further action taken.)
6/3/2025