II 

118TH CONGRESS 

1ST SESSION S. 1420 

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

and infrastructure grants. 

IN THE SENATE OF THE UNITED STATES 

MAY 3, 2023 

Mr. CARDIN (for himself, Mrs. CAPITO, Mr. CARPER, Mr. BOOZMAN, and Mr. 

WICKER) 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 2023’’. 


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•S 1420 IS

1 SEC. 2. CHARITABLE ORGANIZATIONS PERMITTED TO 

2 MAKE COLLEGIATE HOUSING AND INFRA3 STRUCTURE GRANTS. 

4 (a) IN GENERAL.—Section 501 of the Internal Rev5 enue Code of 1986 is amended by adding at the end the 

6 following new subsection: 

7 ‘‘(s) TREATMENT OF ORGANIZATIONS MAKING COL8 LEGIATE HOUSING AND INFRASTRUCTURE IMPROVEMENT

9 GRANTS.— 

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

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

12 2522(a)(2), an organization shall not fail to be 

13 treated as organized and operated exclusively for 

14 charitable or educational purposes solely because 

15 such organization makes collegiate housing and in16 frastructure grants to an organization described in 

17 subsection (c)(7) which applies the grant to its colle18 giate housing property. 

19 ‘‘(2) HOUSING AND INFRASTRUCTURE

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

21 housing and infrastructure grants are grants for 

22 capital improvements to provide, improve, operate, 

23 or maintain collegiate housing property that may in24 volve more than incidental social, recreational, or 

25 private purposes, so long as such grants are for pur26 poses that would be permissible for a dormitory or 


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•S 1420 IS

1 other residential facility of the college or university 

2 with which the collegiate housing property is associ3 ated. A grant shall not be treated as a collegiate 

4 housing and infrastructure grant for purposes of 

5 paragraph (1) to the extent that such grant is used 

6 to provide physical fitness facilities. 

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

8 purposes of this subsection, collegiate housing prop9 erty is property in which, at the time of a grant or 

10 following the acquisition, lease, construction, or 

11 modification of such property using such grant, sub12 stantially all of the residents are full-time students 

13 at the college or university in the community where 

14 such property is located. 

15 ‘‘(4) GRANTS TO CERTAIN ORGANIZATIONS

16 HOLDING TITLE TO PROPERTY, ETC.—For purposes 

17 of this subsection, a collegiate housing and infra18 structure grant to an organization described in sub19 section (c)(2) or (c)(7) holding title to property ex20 clusively for the benefit of an organization described 

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

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

23 whose benefit such property is held.’’. 


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•S 1420 IS

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

2 this section shall apply to grants made in taxable years 

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

Æ 


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