II 

114TH CONGRESS 

1ST SESSION S. 1002 

To amend the Internal Revenue Code of 1986 to provide for collegiate housing 

and infrastructure grants. 

IN THE SENATE OF THE UNITED STATES 

APRIL 16, 2015 

Mr. CARDIN (for himself, Mr. ENZI, and Mr. CARPER) introduced the 

following bill; which was read twice and referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

for collegiate housing and infrastructure grants. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Collegiate Housing and 

5 Infrastructure Act of 2015’’. 

6 SEC. 2. CHARITABLE ORGANIZATIONS PERMITTED TO 

7 MAKE COLLEGIATE HOUSING AND INFRA8 STRUCTURE GRANTS. 

9 (a) IN GENERAL.—Section 501 of the Internal Rev10 enue Code of 1986 (relating to exemption from tax on corVerDate Sep 11 2014 04:41 Apr 24, 2015 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1002.IS S1002

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1 porations, certain trusts, etc.) is amended by adding at 

2 the end the following new subsection: 

3 ‘‘(s) TREATMENT OF ORGANIZATIONS MAKING COL4 LEGIATE HOUSING AND INFRASTRUCTURE IMPROVEMENT

5 GRANTS.— 

6 ‘‘(1) IN GENERAL.—For purposes of subsection 

7 (c)(3) and sections 170(c)(2)(B), 2055(a)(2), and 

8 2522(a)(2), an organization shall not fail to be 

9 treated as organized and operated exclusively for 

10 charitable or educational purposes solely because 

11 such organization makes collegiate housing and in12 frastructure grants to an organization described in 

13 subsection (c)(7) which applies the grant to its colle14 giate housing property. 

15 ‘‘(2) HOUSING AND INFRASTRUCTURE

16 GRANTS.—For purposes of paragraph (1), collegiate 

17 housing and infrastructure grants are grants to pro18 vide, improve, operate, or maintain collegiate hous19 ing property that may involve more than incidental 

20 social, recreational, or private purposes, so long as 

21 such grants are for purposes that would be permis22 sible for a dormitory or other residential facility of 

23 the college or university with which the collegiate 

24 housing property is associated. A grant shall not be 

25 treated as a collegiate housing and infrastructure 


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1 grant for purposes of paragraph (1) to the extent 

2 that such grant is used to provide physical fitness 

3 facilities. 

4 ‘‘(3) COLLEGIATE HOUSING PROPERTY.—For 

5 purposes of this subsection, collegiate housing prop6 erty is property in which, at the time of a grant or 

7 following the acquisition, lease, construction, or 

8 modification of such property using such grant, sub9 stantially all of the residents are full-time students 

10 at the college or university in the community where 

11 such property is located. 

12 ‘‘(4) GRANTS TO CERTAIN ORGANIZATIONS

13 HOLDING TITLE TO PROPERTY, ETC.—For purposes 

14 of this subsection, a collegiate housing and infra15 structure grant to an organization described in sub16 section (c)(2) or (c)(7) holding title to property ex17 clusively for the benefit of an organization described 

18 in subsection (c)(7) shall be considered a grant to 

19 the organization described in subsection (c)(7) for 

20 whose benefit such property is held.’’. 

21 (b) EFFECTIVE DATE.—The amendment made by 

22 this section shall apply to grants made in taxable years 

23 ending after the date of the enactment of this Act. 

Æ 


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