High-Quality Charter Schools Act

This bill creates a 75% federal tax credit for individuals donating cash or securities to approved nonprofit charter school organizations. The credit is limited to 10% of adjusted gross income or $5,000 annually, and applies only to organizations meeting strict criteria (like 501(c)(3) status, performance-based state selection, and annual audits). It requires these organizations to spend 100% of donations on charter school creation/expansion within five years and caps total annual tax credits at $5 billion, allocated by state. The credit is designed to incentivize private funding for charter schools while ensuring accountability through spending rules and oversight.