New Tax on University Endowments Investing in Listed Adversaries.
This bill introduces a new excise tax targeting the largest private universities (with endowments over $1 billion). The goal is to discourage these institutions from investing in companies or entities identified by the US government as national security threats. Citizens might see an indirect impact on university finances, potentially affecting tuition fees or research funding.
Key points
Imposes a 50% tax on the fair market value of newly acquired investments in entities listed as security threats (e.g., Commerce Department or FCC lists).
Levies a 100% tax on net income (gains and income) derived from these risky investments if held for at least one year.
The rules apply only to large private educational institutions whose non-exempt assets exceed one billion dollars.
Status:
Introduced
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