- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Mar 11, 2025
What it does
The WEST Act of 2025 would impose a 6 percent excise tax on the aggregate fair market value of assets held by certain large private colleges and universities, specifically those with endowments exceeding $11.9 billion (or $10.5 billion for state-operated colleges), excluding assets used directly for the institution’s exempt purpose. The tax would apply to the first taxable year beginning in 2025 and each subsequent year, targeting institutions deemed “specified applicable educational institutions” under the bill’s definition, which excludes religiously affiliated institutions. The measure amends the Internal Revenue Code of 1986 by adding a new section (4969) to Subchapter H of Chapter 42…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.