Relating to the education savings account program, including modifying eligibility provisions, providing a future repeal date, and including effective date and applicability provisions

This bill relates to eligibility for the education savings account program and provides a future repeal date for the education savings account program. The bill provides that for the school budget year beginning July 1, 2027, resident pupils eligible to enroll in kindergarten through grade 12 attending a nonpublic school are eligible to receive an education savings account payment if the pupil’s household annual income is less than or equal to 400 percent of the most recently revised federal poverty income guidelines. Then, for the school budget year beginning July 1, 2028, resident pupils eligible to enroll in kindergarten through grade 12 attending a nonpublic school are eligible to receive an education savings account payment if the pupil’s household annual income is less than or equal to 300 percent of the most recently revised federal poverty income guidelines. The bill repeals the education savings account program effective July 1, 2029. The bill includes future corresponding changes to other provisions of law relating to the education savings account program and specifies applicability for such changes.