Bill
HB 5617
AN ACT AUTHORIZING MUNICIPALITIES TO IMPOSE A TAX ON THE ENDOWMENT FUNDS OF PRIVATE INSTITUTIONS OF HIGHER EDUCATION.
2025 Regular Session
Introduced by Kai Belton and 8 co-sponsors
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