HR 5152 · 117th Congress · Taxation

Higher Education Endowment Tax Reform Act

Introduced 2021-09-03· Sponsored by Rep. Boyle, Brendan F. [D-PA-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-09-03)

Plain Language Summary

[AI summary unavailable — showing source text] Higher Education Endowment Tax Reform Act This bill provides for a phaseout of the excise tax on the investment income of private colleges and university if such institutions provide a specified amount of qualified aid awards to their first-time, full-time undergraduate students. To qualify for the tax reduction, such educational institutions must report on loans and other assistance provided to their students.…

Summarized by Claude AI · Non-partisan · For informational purposes only