Nevada AB 364: Revises provisions governing the transfer, title and sale of manufactured homes. (BDR 43-801)

Bill Text

A.B. 364
- *AB364*

ASSEMBLY BILL NO. 364–ASSEMBLYMEMBER ANDERSON

MARCH 4, 2025
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Referred to Committee on Revenue

SUMMARY—Revises provisions governing the Nevada
Educational Choice Scholarship Program.
(BDR 34-1082)

FISCAL NOTE: Effect on Local Government: No.
Effect on the State: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

AN ACT relating to taxation; revising the pupils on whose behalf a
scholarship organization is authorized to provide a grant
under the Nevada Education Choice Scholarship Program;
requiring a scholarship organization to notify the
Department of Taxation if there are no pupils on whose
behalf the scholarship organization is authorized to
provide a grant; prohibiting the Department from
approving applications for tax credits under the Program
made by such a scholarship organization; requiring a
scholarship organization to repay certain tax credits under
certain circumstances; and providing other matters
properly relating thereto.
Legislative Counsel’s Digest:
Under existing law, financial institutions, certain mining businesses and other 1
employers are required to pay an excise tax (the modified business tax) on the 2
wages paid by them. (NRS 363A.130, 363B.160) Existing law establishes a credit 3
against the modified business tax paid by certain businesses equal to an amount 4
which is approved by the Department of Taxation and which must not exceed the 5
amount of any donation of money which is made by a taxpayer to a scholarship 6
organization that provides grants on behalf of pupils who are members of a 7
household with a household income which is not more than 300 percent of the 8
federally designated level signifying poverty to attend schools in this State, 9
including private schools, chosen by the parents or legal guardians of those pupils. 10
(NRS 363A.130, 363A.139, 363B.110, 363B.119, 388D.270) Section 1 of this bill: 11
(1) prohibits a scholarship organization from using a donation for which the donor 12
received a tax credit to provide a grant on behalf of a pupil unless the scholarship 13
organization also used a donation for which a donor received a tax credit to provide 14

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- *AB364*
a grant on behalf of the pupil for the immediately preceding school year at the same 15
school; and (2) requires a scholarship organization to repay the amount of any tax 16
credit approved by the Department if the scholarship organization violates this 17
provision. Section 1 requires a scholarship organization to notify the Department if 18
there ceases to be any pupil on whose behalf the scholarship organization is 19
authorized to make a grant. Sections 2 and 3 of this bill prohibit the Department 20
from approving an application for a tax credit made by a scholarship organization 21
that has provided or is required to provide this notification. Section 1 requires a 22
scholarship organization which, at the time it is required to provide this 23
notification, has not expended all of the donations for which a tax credit was 24
received by a taxpayer to repay to the Department the tax credits received in an 25
amount equal to the amount of the unexpended donations. 26

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. NRS 388D.270 is hereby amended to read as 1
follows: 2
388D.270 1. A scholarship organization must: 3
(a) Be exempt from taxation pursuant to section 501(c)(3) of the 4
Internal Revenue Code, 26 U.S.C. § 501(c)(3). 5
(b) Not own or operate any school in this State, including, 6
without limitation, a private school, which receives any grant money 7
pursuant to the Nevada Educational Choice Scholarship Program. 8
(c) Accept donations from taxpayers and other persons and may 9
also solicit and accept gifts and grants. 10
(d) Not expend more than 5 percent of the total amount of 11
money accepted pursuant to paragraph (c) to pay its administrative 12
expenses. 13
(e) Provide grants on behalf of pupils who are members of a 14
household that has a household income which is not more than 300 15
percent of the federally designated level signifying poverty to allow 16
those pupils to attend schools in this State chosen by the parents or 17
legal guardians of those pupils, including, without limitation, private 18
schools. The total amount of a grant provided by the scholarship 19
organization on behalf of a pupil pursuant to this paragraph must not 20
exceed $7,755 for Fiscal Year 2015-2016. 21
(f) Not limit to a single school the schools for which it provides 22
grants. 23
(g) Except as otherwise provided in paragraph (e) [,] and 24
subsection 6, not limit to specific pupils the grants provided 25
pursuant to [that] paragraph [.] (e). 26
2. The maximum amount of a grant provided by the 27
scholarship organization pursuant to paragraph (e) of subsection 1 28
must be adjusted on July 1 of each year for the fiscal year beginning 29