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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
Endowment Tax Fairness Act
Print number: HR 446
Sponsor: Rep. Nehls, Troy E. [R-TX-22]
Process start date: 2025-01-15