Wealthy private colleges and universities currently pay a 1.4% excise tax on their investment income if they hold at least $500,000 in endowment assets per student. This bill would dramatically increase that tax to 10% and lower the threshold so it applies to schools with $200,000 or more per student — pulling in many more institutions. It's aimed at holding well-endowed private schools more accountable for hoarding wealth while tuition continues to rise.
Congressional Summary
Increases the excise tax on net investment income of private university endowments from 1.4% to 10% and lowers the per-student asset threshold from $500,000 to $200,000 per student.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- 2025-02-07
- Date Added
- 2026-03-31
- Source
- Congress.gov →
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