Nev. Admin. Code § 388D.060 - Notice to Department of Taxation of certain donations received by registered scholarship organization; maximum duration to carry forward donation

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.

Notes

Nev. Admin. Code § 388D.060
(Added to NAC by Dep't of Education by R035-15, eff. 10-27-2015) - (Substituted in revision for NAC 385.603)

NRS 388D.270

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