NRS 388D.288: Scholarship organization to notify Department of Taxation of certain donations; prohibition on carrying forward donation past certain date.

1. A scholarship organization that is registered with the Department of Education pursuant to NRS 388D.282 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.