A tax is imposed on the net investment income of these institutions
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70415, Sec. 70415.
Written by .
A tax is imposed on the net investment income of these institutions
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70415 in the PDF
What the document says
“There is hereby imposed on each applicable educational institution for the taxable year a tax equal to the applicable percentage of the net investment income of such institution for the taxable year.”
The section rewrites section 4968 of the Internal Revenue Code of 1986 to impose on each applicable educational institution a tax for the taxable year equal to the applicable percentage of its net investment income for that year.
What the document actually says
“There is hereby imposed on each applicable educational institution for the taxable year a tax equal to the applicable percentage of the net investment income of such institution for the taxable year.”
That sentence, in plain words
A tax is laid on each school that qualifies. It is worked out on the school's investment income. A rate is applied to that income.
What this is about
The rate is set by the next rule. Net investment income means gains and returns on the endowment. Only some schools are reached.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70415, 139 Stat. 221 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A tax is imposed on the net investment income of these institutions,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70415, Sec. 70415. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70415-tax/ (retrieved October 10, 2026).
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