Daily Tax Report: State

Trump Admin. Moves Forward on University Tax-Exempt Status Probe

July 31, 2020, 11:16 PM

The Trump admin. plans to move ahead with an investigation into the tax-exempt status of universities over political ideology, according to the Treasury Dept’s Office of Inspector General.

  • NOTE: President Trump previously suggested a probe into the nonprofit status of private colleges, as well as their federal funding, in tweets earlier this month that tied his complaint in part to their reluctance to fully re-open for the school year
  • Treasury Sec. Steven Mnuchin expects the dept to do a policy review related to Trump’s comments, according to Deputy Inspector General Rich Delmar
  • Treasury also referred Trump’s remarks on higher education...

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