Tax Relief for Collegiate Housing and Infrastructure
This act aims to make it easier for charitable organizations to support the construction, improvement, and maintenance of student housing and university infrastructure. This means donations for these purposes can be treated as charitable, potentially encouraging more investment in student living spaces.
Key points
Charitable organizations can now support collegiate housing and infrastructure without losing their charitable status.
Grants for building, improving, operating, or maintaining collegiate housing will be treated as charitable purposes.
Support applies to properties where most residents are full-time students.
Grants cannot be used for physical fitness facilities.
Expired
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