To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities.

Bill: 118-hr-10400
Sponsor: full_name: Rep. Moore, Gwen [D-WI-4]
Introduced: 2024-12-12
Policy area: Taxation
Latest action: action_date: 2024-12-12
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 10400 IN THE HOUSE OF REPRESENTATIVES December 12, 2024 Ms. Moore of Wisconsin (for herself and Mr. Grothman ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities.

1. Clarification of definition of applicable educational institution for purposes of excise tax based on income of private colleges and universities (a) In general Section 4968(b)(1)(A) of the Internal Revenue Code of 1986 is amended by inserting below the graduate level after 500 tuition-paying students . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2024.