Iowa HF2737 modifies eligibility for the education savings account program and sets a future repeal date.

Iowa HF2737 amends the education savings account program by modifying eligibility provisions. It specifies that for the school budget year beginning July 1, 2027, resident pupils attending a nonpublic school are eligible for an education savings account payment if their household income is less than or equal to 400 percent of the federal poverty income guidelines. For the school budget year beginning July 1, 2028, eligibility is reduced to 300 percent of the federal poverty income guidelines.

Iowa HF2737 modifies eligibility for the education savings account program and sets a future repeal date.

Iowa HF2737 amends the education savings account program by modifying eligibility provisions. It specifies that for the school budget year beginning July 1, 2027, resident pupils attending a nonpublic school are eligible for an education savings account payment if their household income is less than or equal to 400 percent of the federal poverty income guidelines. For the school budget year beginning July 1, 2028, eligibility is reduced to 300 percent of the federal poverty income guidelines.