Tax on Private University Investments in Adversary-Linked Entities
This act introduces a new tax for private colleges and universities that hold assets or derive income from investments in companies and entities on specific government lists deemed a threat to security. The goal is to discourage universities from funding entities potentially linked to adversaries of the United States. Citizens might indirectly feel the impact through changes in university funding and investment policies.
Key points
A new 50% tax on the fair market value of newly acquired investments in listed entities.
A 100% tax on net income and gains from one-year investments in listed entities.
Applies to private educational institutions with assets exceeding $1 billion, excluding assets used directly for educational purposes.
The Treasury Secretary will establish and maintain a list of entities subject to these provisions.
Expired
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