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Ending Investment Income Tax for Private Colleges

This bill aims to eliminate a specific tax on investment income of private colleges and universities. This means these institutions would have more funds available to invest in education, research, or potentially reduce costs for students. In the long run, this could impact the accessibility and quality of higher education.
Key points
Repeals the excise tax on investment income of private colleges and universities.
Potentially more funds for universities to invest in education or lower student costs.
Changes apply to taxable years beginning after the bill becomes law.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_2832
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2021-04-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Don’t Tax Higher Education Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2832.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-26.

What are the main provisions?

Key points include:

  • Repeals the excise tax on investment income of private colleges and universities.
  • Potentially more funds for universities to invest in education or lower student costs.
  • Changes apply to taxable years beginning after the bill becomes law.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Boyle, Brendan F. [D-PA-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Education