Iowa Education Legislative Watch
StateOther education

HF 2240

Taxes large college endowments and limits endowment fees

Imposes an annual tax on endowments over $500 million at private colleges and Regents universities, at the top corporate income tax rate. Tax money goes to workforce grants and private-college tuition aid, and caps gift and endowment management fees charged by Regents schools.

Official title

A bill for an act creating an endowment tax on the endowment value of certain Iowa colleges and universities, limiting charges relating to certain endowment funds, making appropriations to workforce grant and incentive programs, and making appropriations to supplement tuition grants for high-wage and high-demand jobs.(Formerly HSB 544.)

Introduced1 of 5

Where it stands

  1. Introduced
  2. Committee
  3. House
  4. Senate
  5. Governor

Last action, Jan 30: Introduced, referred to Ways and Means. H.J. 188.

History

  • Introduced, referred to Ways and Means. H.J. 188.House · Jan 30