Increases excise tax on investment income of private colleges and universities to fund career and technical education.
The TRADES Act increases the excise tax on investment income of private colleges and universities from 8 percent to 15 percent. The additional revenue generated will be transferred annually to the Carl D. Perkins Career and Technical Education Act program to support career and technical education. The amendments apply to taxable years beginning 12 months after the enactment of this Act.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.