S.736 - Collegiate Housing and Infrastructure Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Enzi, Michael B. [R-WY] (Introduced 03/27/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/27/2017 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.736 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (03/27/2017)
Collegiate Housing and Infrastructure Act of 2017
This bill amends the Internal Revenue Code to allow tax-exempt charitable or educational organizations to make collegiate housing and infrastructure grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) which apply such grants to their collegiate housing property.
A "collegiate housing and infrastructure grant" is a grant to provide, improve, operate, or maintain collegiate housing property that may involve more than incidental social, recreational, or private purposes. The grant must be for purposes that would be permissible for a dormitory or other residential facility of the college or university with which the collegiate housing property is associated. The grant may not be used to provide physical fitness facilities.