This bill modifies the eligibility criteria for payments under Iowa's education savings account program. Specifically, it amends Section 257.11B to establish that for the school budget years beginning on or after July 1, 2024, certain pupils attending nonpublic schools will be eligible for education savings account payments. The bill changes the eligibility from a single school budget year to multiple years and retains the household income requirement for residents eligible to enroll in grades 1 through 12, which was previously set to be removed for school budget years starting on or after July 1, 2025.

Additionally, the bill removes a specific subparagraph related to eligibility criteria, thereby streamlining the requirements for education savings account payments. The changes aim to ensure that household income considerations remain in place for the upcoming school budget years, thereby impacting the financial assistance available to families seeking nonpublic education options. The bill is effective immediately upon enactment.

Statutes affected:
Introduced: 257.11B