,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cead  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #ad1 #bjbc,mr4
 ,vance introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to increase !     
excise tax on net inve/m5t income (     
c]ta9 private colleges & univ]sities4   
#a4 ,increase 9 excise tax on net       
inve/m5t income  7a7 ,9 g5]al ,section  
#difh ( ! ,int]nal ,rev5ue ,code ( #aihf
 is am5d$ by add+ at ! end ! foll[+ new 
subsection3  7e7 ,increase 9 tax 9 case 
( c]ta9 in/itutions ,9 ! case ( an      
applicable educational in/itution-- 7#a7
 :i* is n religi\s 9 nature1 &  7#b7 !  
aggregate fair m>ket value ( ! assets ( 
:i* at ! end ( ! prec$+ taxable ye> 7o!r
 ?an ^? assets :i* are us$ directly 9   
c>ry+ out ! in/itution's exempt purpose7
 is at lea/ #aj1jjj1jjj1jjj1  subsection
 7a7 %all be appli$ by sub/itut+ #ce    
p]c5t = #a4d p]c5t4  4  7b7 ,effective  
date ,! am5dm5t made by ?is section %all

 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjbc4