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Tax Relief for Collegiate Housing and Infrastructure Grants

New rules make it easier for charitable organizations to support the construction, improvement, and maintenance of student housing and university infrastructure. This can lead to better living conditions for students and improved facilities for universities, potentially enhancing the academic experience.
Key points
Charitable organizations can now make donations for student housing and university infrastructure while maintaining their tax status.
Support covers the construction, improvement, operation, and maintenance of student residential facilities.
Funds cannot be used for physical fitness facilities.
Changes apply to grants made in tax years ending after the Act's enactment date.
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Additional Information
Print number: 118_HR_2662
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2023-04-17