HB 20-1269 Summary

• Creates the "Child Safety Account Act" allowing students directly affected by school safety incidents (but not perpetrators) to establish accounts funded by state per-pupil revenue transfers to pay for eligible educational expenses.

• Establishes eligible expenses including tuition at participating schools, instructional materials, tutoring, transportation, trauma therapy, and higher education tuition.

• Requires the Department of Education to contract with an administering entity to manage the accounts, which may retain up to 3% of annual deposits for administrative costs.

• Creates income tax credit for parents allowing 100% deduction of supplemental payments made to child safety accounts for tax years 2021-2025, and separate tax credit for donations to scholarship-granting organizations funding eligible students.

• Allows accounts to remain active through 12th grade or until enrollment ceases, with unused balances carrying forward and available for higher education expenses; includes enforcement mechanisms for misuse with escalating penalties including account closure and criminal referral.