Plain English Breakdown
The bill did not pass and was not introduced for consideration, which limits its impact.
Education Savings Accounts Income Qualifications
This act modifies how much money is deposited in students' education savings accounts based on their household income.
What This Bill Does
- Changes the amount of money that goes into a student's education savings account each year depending on their family's income level.
- Specifies three different amounts for three income ranges: $6,000 annually for those at or below 150% of the federal poverty level; $4,800 annually for those between 150% and 200%; and $3,600 annually for those between 200% and 250% of the federal poverty level.
Who It Names or Affects
- Students who qualify for Wyoming's education savings accounts based on income levels.
- Families whose children are enrolled in these programs and meet certain income criteria.
Terms To Know
- Education Savings Account (ESA)
- A financial account that provides funds to families for educational expenses such as tuition, books, or technology for their children.
- Federal Poverty Level
- The income level below which a family is considered to be living in poverty according to the U.S. government's standards.
Limits and Unknowns
- This bill did not pass and was not introduced for consideration.
- It only affects students who qualify based on their household income levels as defined by federal guidelines.