This bill modifies the education savings account program in Iowa by adjusting eligibility criteria and establishing a future repeal date. It amends several sections of the Code 2026, including the removal of certain subsections and the modification of calculations related to teacher salary and professional development supplements. Specifically, it introduces new eligibility provisions for resident pupils attending nonpublic schools, allowing those from households with incomes below 400% of the federal poverty guidelines to receive education savings account payments starting in the school budget year beginning July 1, 2027, and those below 300% starting July 1, 2028.

Additionally, the bill includes a provision that will repeal the education savings account program on July 1, 2029, and outlines the effective date and applicability of the changes made. The amendments also involve the deletion of specific language regarding the calculation of district costs related to education savings accounts, ensuring that the program aligns with the new eligibility criteria. Overall, the bill aims to streamline the education savings account program while setting a clear timeline for its eventual discontinuation.

Statutes affected:
Introduced: 256.9, 257.10, 257.11B, 422.7