- Associated Press - Thursday, April 2, 2015

CARSON CITY, Nev. (AP) - Nevada Democrats are proposing a bill giving businesses tax credits for donating to early childhood education programs.

Democratic Assemblyman Nelson Araujo is sponsoring AB350 and presented the bill Thursday to the Assembly Taxation Committee.

The bill would authorize private businesses to write off portions of payroll taxes by donating money to organizations that provide early childhood education scholarships. Araujo said childcare costs can often prove difficult for low-income families.

The Department of Taxation would need to sign off on the donation before crediting the business and the program would initially be capped at $10 million a year.

Early childhood education groups receiving the donations would be required to give scholarships to children between the age of six months and five years who are below 150 percent of the poverty line.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide