Business Donations May Help Troubled Youth
(Las Vegas, NV) — Gov. Brian Sandoval wants to give businesses tax breaks for donating money to fund school choice scholarships for disadvantaged youth.
Sandoval’s legal counsel, tax chief and interim school superintendent presented SB445 Tuesday to the Senate Revenue Committee. No action was taken.
Administration officials say 14 states have adopted similar legislation.
The bill would give businesses a dollar-for-dollar tax credit for money donated to a scholarship organization. The organization would then make grants to disadvantaged youth to attend private schools or receive homeschooling materials.
Total tax breaks for the program would be capped at $5 million a year, and officials say it would not reduce money for K-12 education.
But others say the money would still come out of the state general fund and somebody’s budget.