Provides a credit against the modified business tax for certain donations to support graduate medical education. (BDR 32-578)

SB 269 creates a tax credit against Nevada's modified business tax for businesses that donate money to the Graduate Medical Education Grant Program. Eligible businesses (like financial institutions and mining companies) must apply to the Office of Science, Innovation and Technology for pre-approval before donating, and the credit equals the donation amount - up to a $4 million cap for fiscal year 2025-2026 (increasing 3% annually). Businesses can apply unused credits toward future tax bills for up to five years if the credit exceeds their current tax liability. This directly affects businesses paying the modified business tax that choose to support physician residency training programs.