1. (1) The Department is responsible for determining eligibility to participate in the ESI Program on an annual basis.

2. (2) A family must meet each of the following criteria to be eligible for participation in the ESI Program.

   1. (a) Have at least one 529 Account Owner who:

      1. (i) participates in a public benefit program in the identified tax year; and
      2. (ii) participated in a public benefit program for at least 12 consecutive months while as a child.
   2. (b) Claim and receive an EITC in their federal tax form for the identified tax year.
   3. (c) Have an established my529 Savings Plan for at least one beneficiary and has made a deposit into a plan within the identified tax year.
   4. (d) Reside in Utah for both the identified tax year and at the time of application.
3. (3) Federal Income Tax returns shall be for the previous tax year as that is also the year of the cohort list provided by the Department.

KEY: education savings incentive, intergenerational poverty

Date of Last Change: January 2, 2024

Authorizing, and Implemented or Interpreted Law: 35A-9-603(4)