H.R. 5152 · 117th Congress
Higher Education Endowment Tax Reform Act
- Stage
- In committee
- Sponsor
- Brendan Boyle
- Introduced
- 2021-09-03
- Latest action
- 2021-09-03 · Introduced in House
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.