Reps. Byrne, Delaney Introduce Don't Tax Higher Education Act
March 09, 2018
March 09, 2018
WASHINGTON, March 9 -- Rep. Bradley Byrne, R-Alabama, issued the following news release:
Congressman Bradley Byrne (R-AL) and Congressman John Delaney (D-MD) have introduced bipartisan legislation to repeal the excise tax on endowments that was included in the tax reform bill signed into law last year. The tax bill passed last year creates a 1.4% excise tax on net endowment income for institutions with large endowments. Because the legislation did not include threshold adjustments f . . .
Congressman Bradley Byrne (R-AL) and Congressman John Delaney (D-MD) have introduced bipartisan legislation to repeal the excise tax on endowments that was included in the tax reform bill signed into law last year. The tax bill passed last year creates a 1.4% excise tax on net endowment income for institutions with large endowments. Because the legislation did not include threshold adjustments f . . .