The bill amends the Wyoming education savings account act by modifying the annual deposit amounts into education savings accounts based on students' household income relative to federal poverty levels. Specifically, it establishes three tiers of funding: $6,000 for students with household incomes equal to or less than 150% of the federal poverty level, $4,800 for those with incomes above 150% but equal to or less than 200%, and $3,600 for students with incomes above 200% but equal to or less than 250%. The language changes include the replacement of "at or below" with "equal to or less than" and the addition of specific income thresholds for each funding tier.

The bill is set to take effect immediately upon the completion of all necessary legislative processes as outlined in the Wyoming Constitution. This adjustment aims to provide a more structured and equitable approach to funding education savings accounts based on varying household income levels.

Statutes affected:
Introduced: 21-2-903