Nevada

Our donors are companies and individuals who care about their community and desire the opportunity to partner with AAA Scholarship Foundation, low-income families and families with disabled students in an effort to create a brighter future for all of our children.

The Nevada Educational Choice Scholarship Program allows any company that pays Nevada Modified Business Tax (employee payroll tax) to redirect that liability to AAA to provide K-12 education scholarships for economically disadvantaged children. Corporations receive a dollar-for-dollar tax credit from the state of Nevada for their participation.

The Nevada tax credit application season (the “cap year”) opened on 6/15/19 with $11,400,000 in MBT credits becoming available. As of 10/23/19, $2,285,800 in MBT credits remained available. The cap year ends when all of the credits are claimed, or 6/30/20, whichever occurs first.

AAA must submit the tax credit application on your behalf to the Nevada Department of Taxation.  Upon approval, your company has 30 days to remit payment to AAA in order to earn your approved credits. Finally, you claim your earned credits on your quarterly MBT return. Note that this program has a 5-year credit carry-forward provision for unused credits.

Each state has individual guidelines determined by the laws of that state and the accountability guidelines of the AAA Scholarship Foundation. Please click on the link below to view details on participation.

Please contact our office at 888-707-2465 for additional assistance in donating today!