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KPMG report: Proposed regulations concerning university excise tax

Proposed regulations concerning university excise tax

The U.S. tax law (Pub. L. No. 115-97) enacted in December 2017 created an excise tax on the net investment income of some private colleges and universities.


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The new measures gave rise to certain question such as:

  • Which educational institutions are subject to the new tax?
  • How is net investment income calculated?

The Treasury Department and IRS in late June 2019 issued proposed regulations as guidance concerning the excise tax. Nevertheless, these proposed regulations leave many difficult questions unanswered.

Read a July 2019 report [PDF 386 KB] prepared by KPMG LLP: What’s News in Tax: IRS issues proposed regulations for university excise tax

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