US SB1732 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 5 2019 - 25% progression, died in committee
Action: 2019-06-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 5 2019 - 25% progression, died in committee
Action: 2019-06-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Disallows tax deductions for certain charitable contributions made to an institution of higher education, or associated entity, within a specified period during which a specified family member (e.g. child or grandchild) attends that educational institution. Specifically, the bill prohibits deductions for certain contributions to universities that do not have policies in place that prohibit as a factor in admissions decisions the consideration of direct or indirect donations from an applicant or family member of an applicant, and the financial ability of an applicant or family member of an applicant to make a donation.
Title
College Admissions Fairness Act
Sponsors
Sen. Ron Wyden [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2019-06-05 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Accounting and auditing
Charitable contributions
Education programs funding
Family relationships
Government information and archives
Higher education
Income tax deductions
Student aid and college costs
Tax administration and collection, taxpayers
Taxation
Charitable contributions
Education programs funding
Family relationships
Government information and archives
Higher education
Income tax deductions
Student aid and college costs
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1732/all-info |
Text | https://www.congress.gov/116/bills/s1732/BILLS-116s1732is.pdf |