To amend the Internal Revenue Code of 1986 to clarify the definition of applicable educational institution for purposes of the excise tax based on the income of private colleges and universities.
Latest Action
Referred to the House Committee on Ways and Means.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, H.R. 10400 from the 118th Congress, proposes an amendment to the Internal Revenue Code of 1986. Its purpose is to clarify the definition of 'applicable educational institution' specifically for the application of an excise tax on the income of private colleges and universities. The bill aims to provide clearer guidance on which institutions are subject to this tax. The bill was referred to the House Committee on Ways and Means but has since failed or expired. No full text or detailed summary is available for further specifics.
H.R. 10400 sought to clarify tax code definitions affecting private colleges and universities but did not advance beyond committee referral and ultimately expired.
- The bill targets the Internal Revenue Code of 1986 to clarify tax-related definitions.
- Focuses on the excise tax applied to income from private colleges and universities.
- Referred to the House Committee on Ways and Means and did not progress further.
['Private colleges and universities potentially affected by the excise tax', 'Tax authorities seeking clearer definitions for enforcement']
['Lack of detailed text limits understanding of how definitions would be clarified or changed', 'Potential administrative challenges in implementing clarified definitions', 'Unclear fiscal impact due to absence of cost or revenue estimates']
The bill was introduced in the House during the 118th Congress and referred to the House Committee on Ways and Means, which oversees tax legislation. It did not advance beyond committee referral and is recorded as failed or expired. The bill relates to ongoing legislative efforts to define tax obligations for educational institutions.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Clarification of tax definitions could reduce disputes or litigation between private educational institutions and tax authorities.', "Potential changes in tax liabilities might influence private colleges' financial planning and tuition policies."]
The absence of the full bill text and official summary restricts transparency and comprehensive oversight. Without detailed provisions, it is difficult to assess the full scope, fiscal impact, or enforcement mechanisms of the proposed amendment. Monitoring future similar bills for complete documentation is recommended to ensure informed public and legislative review.
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