HB88 Summary: True School Choice for Alabama Act

• Creates Education Savings Accounts (ESAs) providing $6,900 annually per eligible K-12 student for the 2024-2025 school year, adjustable based on Education Trust Fund changes, with initial appropriations capped at $400 million.

• Establishes the Parent Advisory Board to oversee the program and the Department of Revenue to administer ESAs, manage funds, and conduct audits of participants and education service providers.

• Permits ESA funds for qualifying expenses including tuition at nonpublic schools, curriculum materials, tutoring, extracurricular activities, technology, special education services, and postsecondary education programs.

• Protects nonpublic schools from additional state regulation or licensing and preserves parental rights to direct children's education according to faith, beliefs, values, and morals without state interference.

• Authorizes parents to pursue legal remedies for violations, allows eligible parents not participating in the program to claim a refundable tax credit equal to half the ESA amount, and becomes effective October 1, 2024.