The bill introduced by Senator Romanchuk establishes the Nonchartered Educational Savings Account Program in Ohio, set to commence in the 2026-2027 school year. This program allows parents to create educational savings accounts for their children attending nonchartered nonpublic schools, with the treasurer of state overseeing its administration. Key provisions include the establishment of definitions related to the program, a complaint system for violations, and due process procedures for noncompliance. The bill also outlines the responsibilities of parents and participating schools, including record maintenance and compliance with program requirements, while ensuring that the treasurer does not regulate the curriculum or instructional methods of these schools.

Additionally, the bill introduces new funding calculations and definitions for various educational units, including a new category for nonchartered educational savings account units. It mandates that city, local, or exempted village school districts allocate funds for special education and related services, while also ensuring timely distribution of scholarships to parents or guardians. The bill amends existing laws to clarify enrollment reporting requirements, particularly for students with disabilities and those identified as economically disadvantaged. Furthermore, it introduces a nonrefundable tax credit for taxpayers with dependents in nonchartered nonpublic schools, with specific credit amounts based on income levels. The legislation aims to enhance educational options and accountability while streamlining funding mechanisms for Ohio's educational landscape.

Statutes affected:
As Introduced: 3317.02, 3317.022, 3317.03, 5747.75