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.
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
Sponsor. Representative for Maryland's 6th congressional district. Democrat.
Last Updated: Mar 8, 2018
Length: 2 pages
Mar 8, 2018
115th Congress, 2017–2019
Died in a previous Congress
This bill was introduced on March 8, 2018, in a previous session of Congress, but was not enacted.
Mar 8, 2018
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 5220 (115th) was 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.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2019). H.R. 5220 — 115th Congress: Don’t Tax Higher Education Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr5220
“H.R. 5220 — 115th Congress: Don’t Tax Higher Education Act.” www.GovTrack.us. 2018. April 23, 2019 <https://www.govtrack.us/congress/bills/115/hr5220>
Don’t Tax Higher Education Act, H.R. 5220, 115th Cong. (2018).
|title=H.R. 5220 (115th)
|accessdate=April 23, 2019
|author=115th Congress (2018)
|date=March 8, 2018
|quote=Don’t Tax Higher Education Act
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.