Cap the amount of family income eligible for Hope Scholarships

HB 4961 would limit eligibility for West Virginia's Hope Scholarship program by capping family income at $150,000 in the taxable year of application. This change directly affects parents applying for the scholarship to cover K-12 education expenses for their children. The bill amends existing law to require that a parent's combined federal adjusted gross income must be below $150,000, replacing any previous income threshold. It does not alter other program requirements, such as qualifying education expenses or application procedures.