Sec. 41109. CLARIFICATION REGARDING EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE COLLEGES AND UNIVERSITIES

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## SEC. 41109 CLARIFICATION REGARDING EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE COLLEGES AND UNIVERSITIES ###

(a)In General **[**[26 U.S.C. 4968](/us/usc/t26/s4968)**]** Subsection (b)(1) of section 4968, as added by section 13701(a) of Public Law 115–97, is amended— ####

(1)by inserting “tuition-paying” after “500” in subparagraph (A), and ####

(2)by inserting “tuition-paying” after “50 percent of the” in subparagraph (B). ###

(b)Effective Date **[**[26 U.S.C. 4968 note](/us/usc/t26/s4968)**]** The amendments made by this section shall apply to taxable years beginning after December 31, 2017.

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U.S. Code

Excise tax based on investment income of private colleges and universities
§ 4968

public-private-law

To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.Dec
Public Law 115-97

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Sec. 41109

CLARIFICATION REGARDING EXCISE TAX BASED ON INVESTMENT INCOME OF PRIVATE COLLEGES AND UNIVERSITIES

U.S.C.§ 4968

Pub. L.Public Law 115-97

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