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One Big Beautiful Bill Act: Excise Tax Changes Legislative Update

July 09, 2025 | Stephanie Osten, Principal

The One Big Beautiful Bill Act was passed by Congress and signed into law by President Donald Trump on July 4, 2025. The legislation includes significant updates to the excise tax structure on net investment income of certain educational institutions, with direct implications for private colleges and universities related to their endowments.

This legislative update addresses considerations for investors regarding:

Changes to the current excise tax for private colleges and universities
Private foundation excise tax
Scrutiny of tax-exempt debt issuance
Reinstatement of a universal charitable deduction

Read > One Big Beautiful Bill Act: Excise Tax Changes Legislative Update

Stephanie Osten
Principal

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