H.R. 2798, known as the “High-Quality Charter Schools Act,” proposes changes to the Internal Revenue Code of 1986. It allows U.S. taxpayers to receive a tax credit for 75% of their donations to eligible charter school organizations, up to certain limits. The bill sets criteria for which...
Simple Explanation
H.R. 2798 is like a plan that lets people pay less in taxes when they give money to special schools called charter schools, which are schools that have more freedom to teach in their own way. It helps people help these schools grow by giving them some money back on their taxes, but because of this, it might mean the government has a little less money for other things.