,i #aafth ,,congress #ast ,session ,h4 ,r4 #ddch ,,in ,,the ,,house ,,of ,,representatives ,september #bj1 #bjai,mr4 ,brendan ,f4 ,boyle of ,pennsylvania 7for himself and ,mr4 ,byrne7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to repeal the excise tax on investment income of private colleges and universities4 #a4 ,short title ,this ,act may be cited as the ,don't ,tax ,higher ,education ,act4 #b4 ,repeal of excise tax on investment income of private colleges and universities 7a7 ,in general ,chapter #db of the ,internal ,revenue ,code of #aihf is amended by striking subchapter ,h 7and by striking the item relating to such subchapter in the table of subchapters for such chapter74 7b7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after the date of the enactment of this ,act4