Endowment Tax Fairness Act

Troy E. Nehls

Republican · TX · Representative

Source: Congress.gov · FEC

3 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Referred to the House Committee on Ways and Means.

2025-01-15

Source: Congress.gov

Endowment Tax Fairness Act This 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

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