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Higher Ed Groups Condemn Proposal That Could Ax Private College Tax Exemptions

Higher Ed Groups Condemn Proposal That Could Ax Private College Tax Exemptions

Ryan Quinn
Inside Higher Ed

 

Higher education advocacy groups and institutions excoriated a proposed rule that threatens private, nonprofit institutions’ tax-exempt status. If enacted, the Treasury Department and Internal Revenue Service proposal would allow officials to revoke that exemption if they determine a private college or university has discriminated based on race or ethnicity.

But colleges argued in public comments on the plan that it’s unclear and unlawful, and they criticized the agency’s sweeping language in explaining the rule’s intent.

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