Sec. 41109. Clarification regarding excise tax based on investment income of private colleges and universities
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/bill/115/hr/1892/enr/section-41109·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection (b)(1) of section 4968, as added by section 13701(a) of Public Law 115–97, is amended— by inserting tuition-paying after 500 in subparagraph (A), and by inserting tuition-paying after 50 percent of the in subparagraph (B). The amendments made by this section shall apply to taxable years beginning after December 31, 2017.
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Sec. 41109
Clarification regarding excise tax based on investment income of private colleges and universities
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