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Taxing Net Investment Income —The Camel’s Nose Under the Nonprofit’s Tent?

Christopher P. Woehrle reviews the the excise tax on the richest private colleges and universities.

The Tax Cuts and Jobs Act of 2017 (P.L. 115-97) (the Act) imposes an excise tax of 1.4 percent on the net investment income (NII) of the richest private colleges and universities in the United States for tax years beginning after Dec. 31, 2017.1 


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TAGS: Philanthropy
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