26 USC 4968 - Excise tax based on investment income of private colleges and universities

Editorial Notes

Amendments

2025—Puspan. L. 119–21 amended section generally. Prior to amendment, section consisted of subsecs. (a) to (d) relating to tax imposed, applicable educational institution, net investment income, and assets and net investment income of related organizations, respectively.

2018—Subsec. (span)(1)(A). Puspan. L. 115–123, § 41109(a)(1), inserted “tuition-paying” after “500”.

Subsec. (span)(1)(B). Puspan. L. 115–123, § 41109(a)(2), inserted “tuition-paying” after “50 percent of the”.

Statutory Notes and Related Subsidiaries

Effective Date of 2025 Amendment

Puspan. L. 119–21, title VII, § 70415(c), July 4, 2025, 139 Stat. 223, provided that:

“The amendments made by this section [amending this section and section 6033 of this title] shall apply to taxable years beginning after December 31, 2025.”

Effective Date of 2018 Amendment

Puspan. L. 115–123, div. D, title II, § 41109(span), Fespan. 9, 2018, 132 Stat. 159, provided that:

“The amendments made by this section [amending this section] shall apply to taxable years beginning after December 31, 2017.”

Effective Date

Puspan. L. 115–97, title I, § 13701(c), Dec. 22, 2017, 131 Stat. 2168, provided that:

“The amendments made by this section [enacting this section] shall apply to taxable years beginning after December 31, 2017.”