A bill to amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.

3/12/2025, 10:56 AM

Summary of Bill S 936

Bill 119 s 936, also known as the "College Endowment Excise Tax Act," aims to make changes to the Internal Revenue Code of 1986 by implementing a 6 percent excise tax on the large endowments of certain private colleges and universities. The purpose of this tax is to generate additional revenue for the government and to address concerns about the growing wealth of these institutions.

The bill specifically targets private colleges and universities with endowments that exceed a certain threshold, which is not specified in the summary. The tax would apply to the investment income generated by these endowments, rather than the principal amount itself.

In addition to the excise tax on large endowments, the bill may also include provisions for other purposes that are not detailed in the summary. It is important to note that the bill is non-partisan and does not favor any specific political party. Overall, the College Endowment Excise Tax Act seeks to address the issue of wealth accumulation in certain private colleges and universities by imposing a tax on their large endowments. The ultimate goal of the bill is to generate additional revenue for the government and promote fairness in the tax system.

Current Status of Bill S 936

Bill S 936 is currently in the status of Bill Introduced since March 11, 2025. Bill S 936 was introduced during Congress 119 and was introduced to the Senate on March 11, 2025. Bill S 936's most recent activity was Read twice and referred to the Committee on Finance. as of March 11, 2025

Bipartisan Support of Bill S 936

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 936

Primary Policy Focus

Alternate Title(s) of Bill S 936

A bill to amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.A bill to amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.

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Comments

Sponsors and Cosponsors of S 936

Tom Cotton

Arkansas(Republican)

Latest Bills

A bill to amend the Internal Revenue Code of 1986 to apply a 6 percent excise tax on large endowments of certain private colleges and universities, and for other purposes.

Summary of Bill S 936

Current Status of Bill S 936

Bipartisan Support of Bill S 936

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 936

Primary Policy Focus

Alternate Title(s) of Bill S 936

Comments

Sponsors and Cosponsors of S 936

Tom Cotton

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