legislation: 117-hr-8883
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| 117-hr-8883 | 117 | hr | 8883 | Higher Education Accountability Tax Act | Taxation | 2022-09-19 | 2022-09-19 | Referred to the House Committee on Ways and Means. | House | Rep. Joyce, David P. [R-OH-14] | OH | R | J000295 | 3 | Higher Education Accountability Tax Act This bill increases from 1.4% to 10% the rate of the excise tax on the net investment income of applicable educational institutions (i.e., certain private colleges and universities). It further increases to 20% the rate of such tax on net-price-increase institutions (i.e., educational institutions whose net price increased at a rate exceeding the rate of increase in the Consumer Price Index during a specified three-year period). The bill also modifies the definition of applicable educational institution to lower the per student threshold in that definition from $500,000 to $250,000 (thus making more such institutions subject to the excise tax). | 2022-12-29T12:33:48Z |