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Tax Credits for Charter School Donations

This new act introduces a tax credit for individuals who donate to eligible charter schools. Citizens can deduct 75% of their donation from their taxes, aiming to encourage support for the creation and expansion of these educational institutions. The act also sets rules to ensure donations are used effectively and as intended.
Key points
Allows a 75% tax credit for donations to eligible charter schools, up to 10% of adjusted gross income or $5,000.
Donations must be for the creation or expansion of charter schools managed by qualified organizations.
Recipient organizations must meet specific requirements, including financial audits and timely expenditure of funds.
A nationwide cap of $5 billion in tax credits annually is established, allocated on a first-come, first-served basis.
Charter schools maintain autonomy from governmental control in their operations and educational provision.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1813
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2025-05-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

High-Quality Charter Schools Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1813.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-20.

What are the main provisions?

Key points include:

  • Allows a 75% tax credit for donations to eligible charter schools, up to 10% of adjusted gross income or $5,000.
  • Donations must be for the creation or expansion of charter schools managed by qualified organizations.
  • Recipient organizations must meet specific requirements, including financial audits and timely expenditure of funds.
  • A nationwide cap of $5 billion in tax credits annually is established, allocated on a first-come, first-served basis.
  • Charter schools maintain autonomy from governmental control in their operations and educational provision.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Education