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Senate committee amendment raises income thresholds in education savings account bill; sponsor and colleagues debate fiscal estimate
2288092 · February 12, 2025
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Summary
Senators approved an amendment to the educational savings account bill to raise qualifying income thresholds and heard floor discussion of a fiscal estimate that would put the program’s cost near $270 million.
The Senate approved a committee amendment to Senate Bill 2,400 that raises household income thresholds used to determine eligibility for proposed educational savings accounts.
Senator Axman, the bill carrier, told the chamber the committee amended percentage thresholds on page 4 to increase eligibility markers from roughly 200% of federal poverty guidelines to…
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