Endowment Accountability Act

This bill raises the tax that certain private colleges and universities have to pay on the money their endowments earn from investments. Right now, schools with at least 500 tuition-paying students and endowments worth at least $500,000 per student pay a 1.4% tax on that investment income. The bill would increase that tax to 10% and lower the per-student endowment threshold to $200,000, which means more schools would have to pay the tax.

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