H.R. 2832 — Introduced in House

I 117th CONGRESS 1st Session H. R. 2832 IN THE HOUSE OF REPRESENTATIVES April 26, 2021Mr. Brendan F. Boyle of Pennsylvania introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the excise tax on investment income of private colleges and universities. 1. Short title This Act may be cited as the Don’t Tax Higher Education Act. 2. Repeal of excise tax on investment income of private colleges and universities (a) In general Chapter 42 of the Internal Revenue Code of 1986 is amended by striking subchapter H (and by striking the item relating to such subchapter in the table of subchapters for such chapter). (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.