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WY HB0198

WY HB0198
Education savings accounts-income qualifications.


summary

Introduced
In Committee
Crossed Over
Passed
Dead
02/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to education; modifying the amounts to be deposited in students' accounts under the Wyoming education saving account act; and providing for an effective date.

AI Summary

This bill modifies the Wyoming Education Savings Account (ESA) program by establishing a tiered funding structure based on household income relative to federal poverty levels. Under the new provisions, students from households with income at or below 150% of the federal poverty level will receive $6,000 annually in their education savings account. Students from households with income between 150% and 200% of the federal poverty level will receive $4,800, while students from households with income between 200% and 250% of the federal poverty level will receive $3,600. The bill creates a sliding scale of financial support that provides more substantial funding for lower-income families, potentially helping to increase educational opportunities for students from economically disadvantaged backgrounds. The new funding structure will take effect immediately upon completion of the legislative process, as specified by the Wyoming Constitution.

Sponsors (5)

Last Action

Did not Consider for Introduction (on 02/03/2025)

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