Higher Education Accountability Tax Act

Summary

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).

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Timeline

1. 19 September 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 September 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 September 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 September 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 September 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 September 2022

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 19 September 2022

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Joyce, David P. [R-OH-14] · R · Sponsor
• Rep. Donalds, Byron [R-FL-19] · R · Sponsor
• Mayra Flores · R · Sponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Higher Education Accountability Tax Act