HB7147 — AN ACT AUTHORIZING MUNICIPALITIES TO IMPOSE A TAX ON THE ENDOWMENT FUNDS OF PRIVATE INSTITUTIONS OF HIGHER EDUCATION.

HB7147 — AN ACT AUTHORIZING MUNICIPALITIES TO IMPOSE A TAX ON THE ENDOWMENT FUNDS OF PRIVATE INSTITUTIONS OF HIGHER EDUCATION. · Informed CitizenryThis bill authorizes municipalities to impose a tax on the net investment income of certain private nonprofit institutions of higher education. To be subject to this tax, an institution must be an…Open in Informed Citizenry