Tax Arbitrage by Colleges and Universities
Because colleges and universities serve a public purpose--advancing higher education and promoting myriad forms of research--they enjoy a variety of tax preferences. In addition to being exempt from paying federal income taxes, institutions of higher learning can accept tax deductible charitable contributions and use tax exempt debt to finance capital expenditures. It is the latter preference that CBO focuses on in this study, which was prepared at the request of the Ranking Member of the Senate Finance Committee. The law explicitly prohibits the use of tax exempt bond proceeds for the
Year of publication: |
2010-04-30
|
---|---|
Institutions: | Congressional Budget Office, United States Congress ; Congressional Budget Office |
Saved in:
freely available
Saved in favorites