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S. 3514

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to increase the excise tax on net investment income of certain private colleges and universities.
About This Bill
Committee
Latest Action · December 14, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
December 14, 2023
Cosponsors (0)
None
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Summary

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This bill increases the excise tax (from 1.4% to 35%) on the net investment income of private educational institutions whose assets had a aggregate fair market value of at least $10 billion in the preceding taxable year.

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