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Tax Reform

NACUBO will continue to update this page as Congress moves forward with comprehensive tax reform efforts. 

Contents

NACUBO Summary of Key Provisions           Final Conference Agreement
Implementing the Tax Cuts and Jobs Act Other Resources
NACUBO Resources NACUBO-Endorsed Letters and Statements
NACUBO Webcasts Social Media Hashtags
NACUBO Articles Stories from our Members
Senate Legislation Media Coverage
House Legislation

Tax Reform: A Call to Action for Colleges and Universities

Updated: November 21, 2017
TaxPrimer
Colleges and universities are broadly impacted by proposed tax reform legislation. This guide includes background information and talking points on issues of NACUBO’s top concern.

Inside you'll find background information and talking points on NACUBO’s top issues of concern. As amendments are offered during the debate on the Senate floor, the shape of the legislation may change and we will continue to analyze the legislation.

Download your copy today and stay tuned!

 

NACUBO Summary of Key Provisions:

  • Summary of key provisions of Senate and House bills (January 5, 2018) PDF version
  • Summary of key provisions of Senate and House bills (January 5, 2018) website version

Implementing the Tax Cutrs and Jobs Act:

NACUBO Resources:

NACUBO Webcasts:

NACUBO Articles:

Senate Legislation:

  • Tax Cuts and Jobs Act, as passed by the Senate on December 2, 2017
  • Letter to Senate leadership from 22 House members opposing excise tax on endowments (November 30, 2017)
  • UPDATED: Tax Cuts and Jobs Act Chairman's mark section-by-section summary (as modified, amended, & ordered to be favorably reported, November 16, 2017)
  • Modified Chairman's mark of the Senate bill (November 14, 2017)
  • Joint Committee on Taxation's description of Senate bill (November 9, 2017)
  • Estimated revenue effects of Senate bill (November 9, 2017)
  • Senate Finance Committee section-by-section summary of the bill

House Legislation:

Final Conference Agreement:

Other Resources:

  • American Council on Education's "Tax Reform and Higher Education" webpage
  • Americans Against Double Taxation: A coalition to preserve state and local tax deductions
  • Municipal Bonds for America letter thanking Congressional leadership for preserving the tax-exempt status of municipal bonds (January 2, 2018)
  • American Council on Education-led thank-you letters to members of Congress (December 21, 2017)
    • Senator Lamar Alexander (R-TN), for his work to help make changes to the endowment provision
    • Rep. Pete Sessions (R-TX), for his leadership on Sec. 117(d)
    • Rep Rodney Davis (R-IL), for his leadership on Sec. 127 and Sec. 117(d)
    • Rep Michael Turner (R-OH), for his leadership on Sec. 127 and Sec. 117(d)
    • Rep. Glenn Thompson (R-PA), for his leadership on the Student Loan Interest Deduction, the Lifetime Learning Credt, and Sec. 117(d)
    • Rep. Lamar Smith (R-TX), for his leadership on the endowment provision
    • Senator James Lankford (R-OH), for his leadership on the charitable deduction provision
    • Rep. Randy Hultgren (R-IL), for his leadership on a Dear Colleague on tax exempt bonds
  • American Hospital Association video highlighting tax exempt bonds
  • Letter to Kevin Brady and Orrin Hatch from 14 House members supporting tuition waivers, tuition reductions, the student loan interest deduction, and the lifetime learning credit (December 8, 2017)
  • Letter to Kevin Brady and Orrin Hatch from 26 House members advocating for maintaining Sections 117(d) and 127 (December 7, 2017)
  • Municipal Bonds for America one-pager on advance refunding (November 20, 2017)
  • Court Street Group paper on advance refunding (November 10, 2017)
  • Short paper on private activity bonds (SIFMA, November 6, 2017)
  • Short paper on advance refundings (SIFMA, November 6, 2017)
  • CUPA-HR one-pager on Sec. 117 (d) (qualified tuition reduction)
  • CUPA-HR one-pager on Sec. 127 (employer-provided education assistance)
  • McGuireWoods summary of employee benefits (November 6, 2017)
  • Charitable Giving Coalition statement on H.R. 1 (November 3, 2017)

NACUBO-Endorsed Letters and Statements:

  • CASE letter supporting Sen. Lankford's charitable giving amendment (November 30, 2017)
  • UBIT Coalition letter to Senate leaders opposing tax proposal (November 27, 2017)
  • Community letter to Senate Finance Committee Chair and Raking Member on Senate proposal (November 14, 2017)
  • Municipal Bonds for America Coalition letter opposing elimination of advanced refunding (November 13, 2017)
  • Public Finance Network letter opposing H.R. 1 (November 6, 2017)
  • Community letter to Ways and Means Chair and Ranking Member on H.R. 1 (November 6, 2017)
  • Section 127 Coalition letter on House tax reform bill (November 3, 2017)

Social Media Hashtags

  • #donttaxeducation
  • #builtbybonds
  • #protectgiving
  • #PreservePABS
  • #SaveSection127
  • #Preserve127
  • #Section127

Stories from our Members:


117(d) benefits at Rochester Institute of Technology


117(d) benefits at Rochester Institute of Technology


Impact of tuition waivers at Rochester Institute of Technology


Impact of tuition waivers at Rochester Institute of Technology


Tuition benefits at Marist College


Student aid at Vanderbilt University

Furman University Video
Impact of Section 117 at Furman University 

Randolph Macon Ashland
Section 117 benefits at Randolph-Macon College

Media Coverage:

 

Contact

Liz Clark
Senior Director, Federal Affairs
202.861.2553
E-mail

Mary Bachinger
Director, Tax Policy
202.861.2581
E-mail

Megan Schneider
Assistant Director, Federal Affairs
202.861.2547
E-mail