billS1813•Event Thursday, March 19, 2026Analyzed

High-Quality Charter Schools Act

Neutral

Summary

The High-Quality Charter Schools Act (S. 1813) is a tax credit bill at early hearing stage with no direct market impact on publicly traded companies. It establishes a nonrefundable tax credit for 75% of qualified contributions to eligible charter school organizations, capped at the greater of $5,000 or 10% of AGI, with a $5 billion annual volume cap. The bill is in committee with hearings held but no further action, and it does not directly affect any publicly traded company's revenue or costs.

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Key Takeaways

  • 1.S. 1813 is a tax credit bill for charter school donations, not direct spending.
  • 2.The bill is in early legislative stage with hearings held but no further action.
  • 3.No publicly traded companies are directly affected by this legislation.

Market Implications

No market implications for publicly traded companies. The bill's tax credit mechanism targets individual donors to charter schools, not corporate entities. The $5 billion volume cap is an authorization, not an appropriation, and no specific companies are positioned to benefit.

Full Analysis

The High-Quality Charter Schools Act (S. 1813) was introduced on May 20, 2025, by Sen. Tim Scott (R-SC) and referred to the Committee on Finance. A hearing was held by the Committee on Health, Education, Labor, and Pensions on March 19, 2026, but the bill remains in committee with no further legislative action. The bill proposes a tax credit for individuals contributing cash or market securities to eligible charter school organizations, with a 75% credit rate and annual limits. The funding mechanism is a tax expenditure, not direct government spending, and the $5 billion volume cap is an authorization ceiling, not an appropriation. No publicly traded company is directly named or impacted by this bill, as charter schools are typically nonprofit entities. The bill's early stage and lack of direct corporate beneficiaries result in a low impact score.

Key Legislators

Sen. Scott, Tim [R-SC]

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