Work
Public Law 115-97 (Tax Cuts and Jobs Act)
The 2017 tax law that created a 1.4 percent tax on the investment income of some private colleges.
- Dates
- 22 Dec 2017
- Also known as
- Tax Cuts and Jobs Act
- Wikidata
- Q42955478
Signed on 22 December 2017. Its section 13701 added the endowment tax.
Connections 2
enacted by
- U.S. Congress 22 Dec 2017 Primary record 1
led to
- Endowment excise tax Primary record 1
Timeline 2 dates
- 22 Dec 2017 Public Law 115-97 (Tax Cuts and Jobs Act)
- 22 Dec 2017 U.S. Congress signed into law Public Law 115-97 (Tax Cuts and Jobs Act)
Proof 1 source
-
Public Law 115-97 (H.R. 1), the Tax Cuts and Jobs Act, section 13701, U.S. Government Publishing Office, 22 Dec 2017.
Primary record
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
There is hereby imposed on each applicable educational institution for the taxable year a tax equal to 1.4 percent of the net investment income of such institution for the taxable year.
Page history 1 change
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