HB 567 Summary: EdChoice Fair Fiscal Responsibility Act

• Restructures Educational Choice Scholarship Programs: Modifies eligibility criteria and operations of the Educational Choice Scholarship Pilot Program, expanding it statewide with new income-based provisions and phasing in universal eligibility by 2025-2026.

• Removes Income Verification Requirements: Eliminates mandatory parental income verification for scholarship applications as of the bill's effective date, simplifying the application process while introducing tiered scholarship amounts based on family income levels.

• Establishes Tiered Scholarship Amounts: Implements reduced scholarship percentages (75%, 50%, and 25%) for students whose family income exceeds 250% of federal poverty guidelines, with eligibility capping at 450% of poverty level.

• Consolidates Funding Calculations: Revises state core foundation funding formulas for educational choice scholarships, pilot project scholarships, autism scholarships, and Jon Peterson special needs scholarships, with specific dollar amounts for fiscal years 2024-2025 and flexibility for future years.

• Updates Application Timelines and Procedures: Changes application deadlines and processing requirements, allowing late applications with prorated scholarship amounts and providing conditional approval mechanisms for future school years.