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Imposes new excise taxes on certain investments held by large private colleges and universities. It creates a tax on newly acquired “listed investments” equal to 50% of their fair market value and a tax equal to 100% of one-year net income and gains from listed investments; Treasury and Commerce must create and maintain lists and guidance to implement the rules and the section sets procedures and effective dates for the rules.
Read twice and referred to the Committee on Finance.
Introduced June 12, 2025 by John Peter Ricketts · Last progress June 12, 2025