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Higher Taxes for Private Universities to Reduce Public Debt.

This bill increases the tax on investment income of private colleges and universities. The collected funds are intended to reduce the national debt. Citizens might experience an indirect impact through potential changes in tuition fees or educational program availability if universities decide to pass on these costs to students.
Key points
The tax on investment income of private colleges will increase from 1.4% to 21%.
Additional tax revenue will be used to reduce the national debt.
The changes will apply to taxable years beginning after the enactment date.
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Status: Introduced
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Additional Information
Print number: 119_HR_446
Sponsor: Rep. Nehls, Troy E. [R-TX-22]
Process start date: 2025-01-15
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Endowment Tax Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_446.

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 2025-01-15.

What are the main provisions?

Key points include:

  • The tax on investment income of private colleges will increase from 1.4% to 21%.
  • Additional tax revenue will be used to reduce the national debt.
  • The changes will apply to taxable years beginning after the enactment date.
What is the specific legal status?

The current status is Introduced.

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. Nehls, Troy E. [R-TX-22].

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 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Education Economy