Higher Education Accountability Tax Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Internal Revenue Code to increase the federal excise tax on investment income of private colleges and universities from 1.4% to 10%, with an additional increase to 20% for institutions that raise net prices faster than inflation. It also expands the tax to apply to institutions with endowments as low as $250,000 (down from $500,000). The changes take effect for taxable years beginning after December 31, 2024.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.