HR 5152
117th Congress
House
Taxation
Higher Education Endowment Tax Reform Act
Introduced: September 3, 2021
Introduced by:
Boyle, Brendan F.
Democratic
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 3, 2021
Referred to the House Committee on Ways and Means.
Sep 3, 2021
Introduced in House
Plain-English summary
Higher Education Endowment Tax Reform Act
This bill provides for a phaseout of the excise tax on the investment income of private colleges and university if such institutions provide a specified amount of qualified aid awards to their first-time, full-time undergraduate students. To qualify for the tax reduction, such educational institutions must report on loans and other assistance provided to their students.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1