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Taxes on Large College Endowments

Recent Bills/Taxes on Large College Endowments

Taxes on Large College Endowments

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Finance.

More:Recently Introduced Bills Education Senate Bills

Why This Matters

This bill creates a new tax on large endowments held by specific private colleges and universities to generate revenue.

If your college has an endowment over $11.9 billion, it will face a new 6 percent tax starting in 2025.

Who this affects

wealthy private colleges · universities with large endowments · students · faculty

What changes is this bill making?

1This bill imposes a 6 percent tax on the endowments of certain private colleges and universities.
2Only institutions with endowments over $11.9 billion or $10.5 billion for state-operated colleges are affected.
3The tax applies starting in the 2025 tax year, impacting financial planning for these institutions.
4Religious colleges are exempt from this tax under the new law.
5The revenue from this tax could be used to support educational programs or initiatives.

Last changed 2 months ago · checked hourly

Bill Progress1 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

Senate

House

Pres

IntroducedCurrentFeb 4, 2025

Read twice and referred to the Committee on Finance.

Sponsors

See all 2 sponsors

Senate

House

President

The President

Similar Bills

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No Subsidies for Wealthy Universities Act