US SB1547 | 2021-2022 | 117th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 11 2021 - 25% progression, died in committee
Action: 2021-05-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 11 2021 - 25% progression, died in committee
Action: 2021-05-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to apply a 1 percent excise tax on large endowments of certain private colleges and universities, to require that such institutions distribute at least 5 percent of large endowments in each taxable year, and for other purposes.
Title
Ivory Tower Tax Act of 2021
Sponsors
Sen. Tom Cotton [R-AR] |
History
Date | Chamber | Action |
---|---|---|
2021-05-11 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB4897 (Related) 2022-09-20 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/117th-congress/senate-bill/1547/all-info |
Text | https://www.congress.gov/117/bills/s1547/BILLS-117s1547is.pdf |