Us Congress 2025-2026 Regular Session

Us Congress House Bill HB446

Introduced
1/15/25  

Caption

Endowment Tax Fairness ActThis bill increases the excise tax on the net investment income of certain private university and college endowments. 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 endowments that are at least $500,000 per student pay an excise tax in the amount of 1.4% on the net investment income from such endowments.The bill increases the amount of the excise tax to 21% of the net investment income from such university and college endowments. Further, the bill provides that amounts collected from the increase to the excise tax on the net investment income from such university and college endowments are (1) to be deposited into the general fund of the Treasury; and (2) used to reduce the national deficit and, subsequently, the national debt. 

Congress_id

119-HR-446

Policy_area

Taxation

Introduced_date

2025-01-15

Companion Bills

No companion bills found.

Previously Filed As

US SB3514

A bill to amend the Internal Revenue Code of 1986 to increase the excise tax on net investment income of certain private colleges and universities.

US HB10400

To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities.

US HB34

Assuring Medicare’s Promise Act of 2023 This bill increases net investment income tax revenues by applying such tax to the trade or business income of certain high income taxpayers and includes the increased tax revenues in the Federal Hospital Insurance Trust Fund.

US HR1091

Recognizing and thanking the Nation's women's colleges and universities and recognizing March 5 as "National Women's Colleges and Universities Day".

US HB138

Private Student Loan Bankruptcy Fairness Act of 2023 This bill modifies the treatment of certain student loans in bankruptcy. Specifically, it allows private student loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.

US HR981

Recognizing the importance of Tribal colleges and universities to the United States and expressing support for designating the week beginning February 5, 2024, as "National Tribal Colleges and Universities Week".

US HR107

Recognizing the importance of Tribal colleges and universities to the United States and expressing support for designating the week beginning February 5, 2023, as "National Tribal Colleges and Universities Week".

US HB4380

Protecting Endowments from Our Adversaries Act

US SB5234

Protecting Endowments from Our Adversaries Act

US SR544

A resolution designating the week beginning February 5, 2024, as "National Tribal Colleges and Universities Week".

Similar Bills

No similar bills found.