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H.R. 5220: Don’t Tax Higher Education Act

About the bill

Even though December’s tax reform law lowered taxes on everything from income to corporate profits, it actually increased taxes on some college endowments for the richest schools.

Context

The tax reform bill didn’t have that effect on all colleges, to be clear — only 23 schools met the criteria for the increased taxation during the 2015–16 academic year.

Yet the schools that do meet that criteria have endowments cumulatively worth hundreds of billions of dollars. And because the financial thresholds were not indexed to inflation, more and more ...

Sponsor and status

John Delaney

Sponsor. Representative for Maryland's 6th congressional district. Democrat.

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Last Updated: Mar 8, 2018
Length: 2 pages
Introduced:

Mar 8, 2018

Status:

Introduced on Mar 8, 2018

This bill is in the first stage of the legislative process. It was introduced into Congress on March 8, 2018. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis:

3% chance of being enacted according to Skopos Labs (details)

History

Mar 8, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Pending
 
Ordered Reported

Pending
 
Passed House (Senate next)

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 5220 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 5220 — 115th Congress: Don’t Tax Higher Education Act.” www.GovTrack.us. 2018. August 19, 2018 <https://www.govtrack.us/congress/bills/115/hr5220>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.