High-Quality Charter Schools Act

Tim Scott

Republican · SC · Senator

Source: Congress.gov · FEC

• Bill Cassidy (R-LA)· 2025-06-04
• Tommy Tuberville (R-AL)· 2026-04-13
• Rick Scott (R-FL)· 2026-04-28

Committee on Health, Education, Labor, and Pensions. Hearings held.

2026-03-19

Source: Congress.gov

High-Quality Charter Schools Act This bill establishes a federal tax credit for 75% of the qualified contributions of cash or market securities made by an individual to an eligible charter school organization to create or expand the charter schools operated or managed by the organization. (Limitations apply.) The bill limits the tax credit to the greater of $5,000 or 10% of the individual’s adjusted gross income. The tax credit is not refundable, but any amount of the tax credit that exceeds an individual’s tax liability for the tax year may be carried forward for up to five tax years. Further, the bill establishes an annual $5 billion volume cap (which must be increased under certain circumstances) from which $10 million must be distributed to each state for allocation of the tax credit to individuals residing in the state. The remaining amount of the volume cap must be allocated to individuals on a first-come, first-serve basis. The bill requires the Internal Revenue Service (IRS) to develop a system for tracking qualified contributions in real time. Under the bill, an eligible charter school organization generally is required to spend all of the qualified contributions (less reasonable administrative expenses) within a certain amount of time. If the IRS determines that an organization has failed to meet such spending requirements, the tax credit is not allowed for contributions to the organization for one year after the date of the determination.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

• S5641Opportunities for Nuclear Energy Investment Act
  Referred to Committee · 2026-09-30
• SRES947A resolution designating September 2026 as "National Childhood Cancer Awareness Month".
  Introduced · 2026-09-30
• SRES940A resolution expressing support for the designation of September 2026 as "Sickle Cell Disease Awareness Month" in order to educate communities across the United States about sickle cell disease and the need for research, early detection methods, effective treatments, and preventative care programs with respect to complications from sickle cell disease and conditions related to sickle cell disease.
  Introduced · 2026-09-30
• S5552Motion Picture, Television, and Entertainment Revitalization Act
  Referred to Committee · 2026-09-24