Small College With a Big Endowment Gets Snared in Tax Bill

Small College With a Big Endowment Gets Snared in Tax Bill
AP Photo/Bebeto Matthews

It looks like one more college might be subject to a new tax on endowments. The House of Representatives will have to revote on a bill to overhaul the nation's tax code after a handful of provisions were found to be in violation of a key Senate rule. Among the violations: A portion of the provision that would tax some large university endowments.

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