H. R. 2832
IN THE HOUSE OF REPRESENTATIVES
April 26, 2021
Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to repeal the excise tax on investment income of private colleges and universities.
This Act may be cited as the
Don’t Tax Higher Education Act.
Repeal of excise tax on investment income of private colleges and universities
Chapter 42 of the Internal Revenue Code of 1986 is amended by striking subchapter H (and by striking the item relating to such subchapter in the table of subchapters for such chapter).
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.