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HR 5152 United States House · 117th Congress

Higher Education Endowment Tax Reform Act

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesPhases out excise tax on private colleges' investment income, providing tax relief to institutions meeting student aid requirements.95% confidence ✓ EducationSupports EducationPhases out tax on endowments for institutions providing student aid, incentivizing financial support for undergraduates and improving educational access.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2021
Committee Review
Floor Vote
President
Introduced Sep 3, 2021 Last action Sep 3, 2021
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 3, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Sep 3, 2021
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brendan F. Boyle
Brendan F. Boyle
DDemocratic
PA
2