Bills · HR 2798
IN COMMITTEE· 119TH CONGRESS
House BillHR 2798Income tax creditsCharitable contributions
High-Quality Charter Schools Act
INTRO APR 9· LAST ACTION APR 9
READING
10MIN
COSPONSORS
8
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it aims to significantly influence how charter schools are funded and expanded across the country. By offering a substantial tax credit for donations, it intends to draw more private money into the charter school system, potentially allowing for the creation of new schools or the expansion of existing ones. This could lead to more educational options for students, particularly in areas where existing schools are perceived as underperforming or overcrowded.
If this bill becomes law, it could shift some of the financial burden for charter school development from public funds or traditional fundraising to private donors, encouraged by the tax incentive. If it doesn't pass, the current system of funding for charter schools, which relies on a mix of public funds, grants, and traditional philanthropy, would remain unchanged without this specific federal tax incentive for individual donors. Voters concerned about school choice, the role of private funding in education, or tax policy that encourages charitable giving would find this bill relevant.
KEY PROVISIONS
5AI-extractedPROVISION 01
Creates a new federal income tax credit for individuals who make charitable donations to eligible charter school organizations.
This directly incentivizes private funding for charter schools by reducing the donor's tax burden.
PROVISION 02
Sets the tax credit amount at 75% of the qualified contribution, capped at the greater of $5,000 or 10% of the donor's adjusted gross income.
This defines the financial benefit for donors and provides a substantial incentive while also setting limits on the credit.
PROVISION 03
Defines "eligible charter school organizations" as non-profit groups that run high-performing charter schools, either through federal grants or state-level academic achievement recognition.
This provision aims to direct funding towards charter schools that have demonstrated success or have specific plans for high-quality expansion.
PROVISION 04
Requires eligible organizations to keep separate accounts for these contributions, undergo annual independent audits, and spend a "required expenditure amount" of donated funds annually.
These accountability measures are intended to ensure transparency and that the donations are actually used for their intended purpose of creating or expanding charter schools.
PROVISION 05
Establishes a penalty where future donations to an organization that fails to meet its spending requirements will not qualify for the tax credit for one year.
This provides a mechanism to enforce the expenditure requirement and discourages organizations from holding funds without deploying them for school creation or expansion.
SPONSORSHIP
1 + 8
R· New York
YRS IN OFFICE
9
BILLS LED
80
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 8 IND 0
ACTION TIMELINE
2 EVENTSAPR 9
Introduced in House
APR 9
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 2798
Congress119th
StatusIn Committee
IntroducedApr 9, 2025
Last actionApr 9, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED APR 9, 2025
House BillHR 2798Income tax creditsCharitable contributions
High-Quality Charter Schools Act
INTRODUCED APR 9, 2025· LAST ACTION APR 9, 2025
PASSAGE CHANCES
—%
READING
10 min
COSPONSORS
8
COMPLEXITY
Moderate
