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HR 1006 119th Congress House Taxation

Higher Education Accountability Tax Act

Introduced: February 5, 2025 Introduced by: Joyce, David P. Republican · Ohio See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 2025
Introduced in House
Feb 5, 2025
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

Higher Education Accountability Tax Act

This bill increases the excise tax on the net investment income of certain private university and college endowments and expands the number of universities and colleges that are subject to the excise tax.

Under current law, certain private universities and colleges with 500 or more tuition-paying students (of which more than 50% are located in the United States) and endowment assets of at least $500,000 per student (per student threshold) pay an excise tax in the amount of 1.4% on the net investment income from such endowments. Endowment assets that are used directly in carrying out the institution's tax-exempt educational purpose are excluded from the tax.

The bill increases the amount of the excise tax to (1) 10% of the net investment income from a university and college endowment, or (2) 20% of the net investment income from a university and college endowment maintained by an institution that increases tuition over a three-year period (preceding the current tax year) at a rate that is higher than the inflation rate.

Under the bill, the tuition price for purposes of determining whether the 20% excise tax rate applies is the average yearly price charged to all first-time, full-time undergraduate students (including students who receive financial aid). 

Further, the bill expands the number of universities and colleges subject to the excise tax by lowering the per student threshold to $250,000.

What's happening now February 5, 2025

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 13

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

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 Cosponsors 1
All 1 Republican 1
R
Malliotakis, Nicole
New York · Feb 5, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1006: Higher Education Accountability Tax Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1006/
MLA
"H.R. 1006: Higher Education Accountability Tax Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1006/.
Bluebook (legal)
H.R. 1006, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1006/.
Markdown link
[H.R. 1006: Higher Education Accountability Tax Act](https://openamerica.io/bill/119-HR-1006/)
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