Bill > HB305

This bill proposes several key changes to the educational opportunity account (EOA) program in Kentucky: 1. It increases the income eligibility limit for an "eligible student" from 175% to 250% of the amount necessary to qualify for reduced-price meals, allowing more families to participate. 2. It expands the allowable uses of EOA funds to include tuition and fees for prekindergarten through grade 12 nonpublic schools, in addition to public schools, online learning, tutoring, and other educational expenses. 3. It streamlines the application and certification process for account-granting organizations (AGOs) that administer the EOA program, including reducing the timeline for the Department of Revenue to review and approve applications. 4. It allows AGOs to allocate less than 90% of contributions to EOAs in their first year of operation, with the remaining funds to be allocated the following year. 5. It removes the sunset provision on the tax credit for contributions made to AGOs and increases the overall annual tax credit cap from $25 million to up to $100 million, subject to certain conditions. The overall goal of the bill is to expand access to and usage of the EOA program to provide more educational options for eligible Kentucky students and their families.

https://apps.legislature.ky.gov/record/22RS/hb305.html