IHE Nonprofit Clarity Act
- Last Action
- 3/5/2025
Actions
- 2025-03-05Referred to the House Committee on Education and Workforce.
- 2025-03-05Introduced in House
- 2025-03-05Introduced in House
CRS Summary
As of 2025-03-05 (00)
IHE Nonprofit Clarity Act
This bill specifies that an institution of higher education (IHE) that is recognized as a tax-exempt nonprofit organization under Section 501(c)(3) of the Internal Revenue Code of 1986 must also be deemed as a nonprofit IHE for purposes of the Higher Education Act of 1965. Thus, if the Internal Revenue Service recognizes an IHE as a tax-exempt nonprofit organization, then the Department of Education must also recognize the IHE as a nonprofit IHE.
Subjects
- Higher education
- Tax-exempt organizations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.