This bill introduces a new tax credit to incentivize charitable contributions for the creation and expansion of charter schools. Individuals who are U.S. citizens or residents would be eligible for a credit equal to 75 percent of qualified contributions made to eligible charter school organizations. This credit is designed to encourage private investment in the growth of high-quality educational options. The credit is capped at the greater of 10 percent of the taxpayer's adjusted gross income or $5,000, and any unused credit can be carried forward for up to five years. To qualify, contributions must be in cash or marketable securities and directed towards the creation or expansion of charter schools. Eligible charter school organizations must be 501(c)(3) entities, either recipients of federal grants for charter school replication/expansion or ranked in the top 10 percent for student performance in their state, and must undergo annual independent financial audits. The legislation establishes a volume cap of $5 billion annually for these tax credits, beginning in 2026, allocated partly to states and partly nationwide on a first-come, first-serve basis. It also mandates that eligible organizations expend a significant portion of qualified contributions within a specified timeframe, with penalties for non-compliance. Furthermore, the bill emphasizes ensuring maximum organizational freedom for charter schools, preventing them from being regarded as governmental entities due to participation in this program.