HR. 446In Committee
Endowment Tax Fairness Act
Increase the excise tax on net investment income from certain private college and university endowments and direct the added revenue to deficit and debt reduction
Plain-English overview
What this bill does
Increase the excise tax on net investment income from certain private college and university endowments and direct the added revenue to deficit and debt reduction
Key points
- Direct revenue to Treasury general fund
- Increase endowment excise tax
Current status
Where it stands
Status
In Committee
Latest action
2025-01-15 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation