Unrelated Business Income; Tax-exempt Funding; Endowments & Gifts; Tax; Authorizations & Regulations
NACUBO Summary on Key Provisions in the Senate and House Tax Bills (Jan. 5, 2018)
Summary by the National Association of College and University Business Officers (NACUBO) analyzing provisions impacting higher education in the House version and Senate version of The Tax Cuts and Jobs Act (Tax Reform Bill). Such provisions include education incentives, the endowment excise tax, charitable giving, other exempt organizations provisions/UBIT, bond reforms, the deductibility of state and local taxes, and the Johnson Amendment. Text appearing in red compares changes in the Senate version to the House version, while highlighted portions show final changes to the Tax Reform Bill by the conference agreement.