High-Quality Charter Schools Act

S. 1813, the High-Quality Charter Schools Act, would amend the Internal Revenue Code to create a new federal tax credit for individuals and organizations that make charitable donations to nonprofit charter school organizations. The bill would establish a 75% tax credit for qualified contributions, meaning donors could claim 75 cents in tax credits for every dollar donated. These donations would be intended to support the creation of new charter schools and the expansion of existing high-quality charter schools. The legislation would include requirements that eligible organizations use donated funds exclusively for charter school expansion within five years of receiving the contributions and conduct annual independent audits. The bill is currently under consideration in the Senate Finance Committee, with hearings held in March 2026. If enacted, supporters estimate the legislation could generate up to $5 billion annually in tax-credit-driven investment and potentially help open more than 15,000 new charter schools, significantly expanding the number of students with access to charter school options.