[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2832 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 2832

To amend the Internal Revenue Code of 1986 to repeal the excise tax on 
        investment income of private colleges and universities.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 26, 2021

  Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the excise tax on 
        investment income of private colleges and universities.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Don't Tax Higher Education Act''.

SEC. 2. REPEAL OF EXCISE TAX ON INVESTMENT INCOME OF PRIVATE COLLEGES 
              AND UNIVERSITIES.

    (a) In General.--Chapter 42 of the Internal Revenue Code of 1986 is 
amended by striking subchapter H (and by striking the item relating to 
such subchapter in the table of subchapters for such chapter).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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