AN ACT AUTHORIZING MUNICIPALITIES TO IMPOSE A TAX ON THE ENDOWMENT FUNDS OF PRIVATE INSTITUTIONS OF HIGHER EDUCATION.
2025
Allows municipalities to levy a tax on the endowment funds of private colleges/universities located within the municipality, creating a new local revenue source.
REF. TO JOINT COMM. ON Planning and Development
#foundations
#institutionsofhighereducation
#municipaltaxation
#nonpublicschools
Start the Conversation
Be the first to share your thoughts on this petition. Your voice matters!