A3886 — Imposes 2.5 percent tax on certain endowment income of private institutions of higher education in State.

A3886 — Imposes 2.5 percent tax on certain endowment income of private institutions of higher education in State. · Informed CitizenryThis act imposes a 2.5% tax on certain annual net investment income derived from endowment funds belonging to private institutions of higher education and related foundations or similar organizatio…Open in Informed Citizenry