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H.R. 2832: Don’t Tax Higher Education Act


The text of the bill below is as of Apr 26, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 2832

IN THE HOUSE OF REPRESENTATIVES

April 26, 2021

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to repeal the excise tax on investment income of private colleges and universities.

1.

Short title

This Act may be cited as the Don’t Tax Higher Education Act.

2.

Repeal of excise tax on investment income of private colleges and universities

(a)

In general

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).

(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.