Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

IRS Releases Endowment-Tax Rules on Wealthy Universities

June 28, 2019, 8:25 PM

The Internal Revenue Service released proposed rules on a new tax on net investment earnings of some wealthy colleges such as Harvard University.

The 1.4% tax was created in the 2017 tax law and is aimed at schools that have net assets of at least $500,000 per student and more than 500 tuition-paying students.

©2019 Bloomberg L.P. All rights ...