Less than three months after an overhaul of the nation’s tax code was signed into law, a pair of federal lawmakers has introduced bipartisan legislation to repeal a provision that was roundly opposed by higher education.
The Don’t Tax Higher Education Act, introduced on Thursday, is sponsored by Rep. John Delaney, Democrat of Maryland, and Rep. Bradley Byrne, Republican of Alabama, and would repeal the levy on university endowments in the new tax law.
Read more at The Chronicle of Higher Education: https://www.chronicle.com/article/A-Tax-on-Endowments-Became/242774