Tax Relief for Collegiate Housing and Infrastructure Improvements
This act allows charitable organizations to provide grants for the renovation and construction of student housing and other collegiate infrastructure. This means students may benefit from improved living and educational conditions, and organizations supporting universities gain clear guidelines for these activities.
Key points
Charitable organizations can now legally provide funds for the renovation and construction of student dorms and other collegiate facilities.
These grants must be used for purposes consistent with dormitory use, excluding physical fitness facilities.
Properties receiving grants must primarily house full-time students.
Expired
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