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HR 2798119th CongressIntroduced
High-Quality Charter Schools Act
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Creates a 75% tax credit for contributions to eligible charter school organizations, with limits and eligibility criteria.
Key Points
- 1Tax credit equals 75% of qualified contributions, capped at 10% of AGI or $5,000.
- 2Eligible organizations include 501(c)(3) entities, charter management organizations, and charter schools meeting performance criteria.
- 3Contributions must be in cash or marketable securities for charter school creation or expansion.
- 4Annual review and reporting requirements for donors.
- 5Credit is excluded from taxable income and not double‑counted.
Impact Areas
Donors to charter schoolsCharter school organizations and management entitiesState and local education agencies
Generated by openai/gpt-oss-20b:free on Nov 19, 2025