SB38 — AN ACT ESTABLISHING A CAPITAL GAINS TAX ON CERTAIN ENDOWMENT FUNDS OF INSTITUTIONS OF HIGHER EDUCATION AND CONCERNING THE USE OF THE REVENUE GENERATED.

SB38 — AN ACT ESTABLISHING A CAPITAL GAINS TAX ON CERTAIN ENDOWMENT FUNDS OF INSTITUTIONS OF HIGHER EDUCATION AND CONCERNING THE USE OF THE REVENUE GENERATED. · Informed CitizenryThis bill proposes to establish a capital gains tax on the endowment funds of institutions of higher education. The tax would apply to funds valued at a ratio exceeding $500,000 per student in a ta…Open in Informed Citizenry