Tax on Private University Investments in Adversarial Entities
This new law introduces a special tax for large private universities that invest in companies deemed a threat to national security. The goal is to limit funding for entities on government "blacklists." Citizens may indirectly feel the impact on university finances, which could affect tuition or program availability.
Key points
Private universities with over $1 billion in assets will pay a 50% tax on new investments in companies on government threat lists.
Additionally, a 100% tax will be imposed on net income from such investments held for at least one year.
The act aims to cut off funding for entities considered dangerous, potentially influencing university investment strategies.
Expired
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