Search Results: keywords:"endowment threshold"

  • H. R. 1006 — To amend the Internal Revenue Code of 1986 to modify the excise tax on investment income of private colleges and universities.
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    Status:Introduced in House
    Words:511

    H. R. 1006 proposes changes to the Internal Revenue Code to modify taxes on the investment income of private colleges and universities. It suggests increasing the current tax rate from 1.4% to 10%, and further to 20% for institutions that raise their net prices faster than...

    Simple Explanation

    H. R. 1006 is a law idea that wants to make private colleges and universities pay more money from the money they earn from things like savings and investments, raising the tax from a small bit to a much bigger bit if they charge students more money too quickly. Also, smaller schools might have to start paying this tax too.

  • H. R. 9331 — To amend the Internal Revenue Code of 1986 to modify the excise tax on investment income of private colleges and universities.
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    Status:Introduced in House
    Words:511

    H.R. 9331, known as the “Higher Education Accountability Tax Act,” aims to amend the Internal Revenue Code of 1986 to change the excise tax on investment income for private colleges and universities. The bill proposes increasing the tax rate from 1.4% to 10% and sets an even...

    Simple Explanation

    The bill wants private colleges and universities to pay more money from the income they earn by investing, with higher taxes if they raise their student costs too much. It also means more schools would have to pay this tax if they have a certain amount of money saved for each student.