ID H0093

Establishes a refundable tax credit of up to $5,000 per eligible student (ages 5-18) for qualified K-12 educational expenses including nonpublic school tuition, tutoring, standardized assessments, textbooks, curricula, and transportation costs, effective for tax year 2025 and beyond.

Increases the credit to $7,500 for children with disabilities (ages 5-21) requiring ancillary personnel, with documentation from a licensed health care provider or individualized education program.

Caps total annual tax credits at $50 million statewide, with priority given to families earning at or below 300% of the federal poverty level, followed by prior-year recipients; applications open January 15 each year for 60 days.

Allows advance payments of the credit to families earning at or below 300% of the federal poverty level, paid within 60 days of approval but no later than August 30, to help cover upfront educational costs.

Prohibits state regulation of nonpublic schools accepting students using the credit and bars the credit for students enrolled part-time or full-time in public schools during any semester claimed.