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- H.R.5152
H.R.5152: Higher Education Endowment Tax Reform Act
About This Bill
- Introduced Sept. 3, 2021
- Latest Major Action Sept. 3, 2021
Bill Sponsor
Bill Version
- Introduced in House - Sept. 3, 2021
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Sept. 3, 2021 |
Referred to the House Committee on Ways and Means.
|
Sept. 3, 2021 |
Introduced in the House by Brendan Boyle (D-Pa.) |