To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10400 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10400 To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 12, 2024 Ms. Moore of Wisconsin (for herself and Mr. Grothman) 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 clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CLARIFICATION OF DEFINITION OF APPLICABLE EDUCATIONAL INSTITUTION FOR PURPOSES OF EXCISE TAX BASED ON INCOME OF PRIVATE COLLEGES AND UNIVERSITIES. (a) In General.--Section 496…