NEW HAVEN, CT -- New Haven Register chimes in on the proposed SB 413 bill that would levy an unrelated business income tax on increases to higher education endowments that exceed $10 billion and targets Yale University.
Tax and Regulatory Issues
HARTFORD, CT -- The Public Policy Update for March 2016 features National and State updates on issues important to philanthropy including the Foundation on the Hill, the Working Cities Challenge - Connecticut, CT Budget Focus and Proposed Bills Taxing Nonprofits.
NEW HAVEN, CT -- Will Ginsberg, president & CEO of The Community Foundation for Greater New Haven, writes to CT State Senator for the 11th District, Martin Looney, and CT State Representative for the 96th District, Roland Lemar, about his concerns with the State Legislature's proposed bill SB413.
NEW HAVEN, CT -- An op-ed by Noah Feldman, a Bloomberg View columnist and professor of constitutional and international law at Harvard on Connecticut's proposed legislation that would tax Yale University's $25.6 billion endowment. "The Connecticut bill almost certainly violates the holding in the 1819 case of Dartmouth College v. Woodward, which established that the Constitution bars states from changing a university's charter. The proposed Connecticut bill would seem to violate Yale's constitutional rights."
HARTFORD, CT -- A tax proposed by top legislators on the earnings of Yale's sizable endowment was shot down Tuesday by the administration of Gov. Dannel P. Malloy.
NEW HAVEN, CT -- Facing staggering budget deficits, prominent state legislators and city mayors are eying nonprofit colleges as a lucrative revenue stream. While officials at Yale University call legislation that would implement a new tax on the growth of its endowment an "attack on independent higher education," legislative heavyweights backing the bill say its just forcing the Ivy League school to be a good neighbor.