High-Quality Charter Schools Act
Sponsored By: Representative Tenney
Introduced
Summary
Refundable tax credit to channel private donations into charter schools. This bill would create a refundable individual income tax credit equal to 75% of qualified cash or marketable securities contributions to eligible charter school organizations to fund creation or expansion of charter schools.
Show full summary
- Donors and taxpayers: Individuals could claim a 75% credit on qualifying contributions but may not also take a charitable deduction for the same gift. Each taxpayer faces a per-year credit limit of $5,000 and unused credits may be carried forward.
- Charter school organizations: Eligible 501(c)(3) charter management organizations or charter schools must obtain independent annual audits and direct contributions toward school creation or expansion. The bill requires spending essentially all qualified contributions with a 100% expenditure rule and a 10% safe harbor for administrative costs.
- Program limits and administration: Credits are subject to a nationwide annual volume cap of $5 billion with a $10 million allocation to each State. Credits are allocated first-come, first-served and Treasury must track qualified contributions in real time.
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Sponsors & CoSponsors
Sponsor
Tenney
NY • R
Cosponsors
Rep. Kiley, Kevin [I-CA-3]
CA • I
Sponsored 4/9/2025
Malliotakis
NY • R
Sponsored 4/9/2025
Rep. Owens, Burgess [R-UT-4]
UT • R
Sponsored 4/9/2025
Rep. Stefanik, Elise M. [R-NY-21]
NY • R
Sponsored 4/28/2025
Lee (FL)
FL • R
Sponsored 5/19/2025
Del. Moylan, James C. [R-GU-At Large]
GU • R
Sponsored 5/19/2025
Donalds
FL • R
Sponsored 4/9/2026
Roll Call Votes
No roll call votes available for this bill.
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