SENATE 3514118th CongressRead twice and referred to the Committee on Finance.
A bill to amend the Internal Revenue Code of 1986 to increase the excise tax on net investment income of certain private colleges and universities.
- Last Action
- 12/14/2023
Actions
- 2023-12-14Read twice and referred to the Committee on Finance.
- 2023-12-14Introduced in Senate
CRS Summary
As of 2023-12-14 (00)
This bill increases the excise tax (from 1.4% to 35%) on the net investment income of private educational institutions whose assets had a aggregate fair market value of at least $10 billion in the preceding taxable year.
Sourced from Congress.gov (public domain).
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