Federal • US Congress

H.R. 9353: To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.

Rep. Mike Kelly (R-PA)Referred

H.R. 9353 status: Referred.

1

What this bill does

Overall score

Score55/100 civic fit
RiskLow risk
ImpactModerate impact 45/100

Bill summary

AI Summary

The bill creates a specific tax exemption for certain religious institutions from the private university investment income excise tax, impacting federal tax revenue and the financial obligations of qualifying entities.

Key analysis

Constitutionality95%
Bipartisan70%
Public opinion50%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No material impact on environmental policy.

Risks

  • No material impact on environmental policy.

Economy

Mixed / Neutral
55%

Benefits

  • Reduces tax burden on specific religious higher education institutions.
  • Allows for greater reinvestment of endowment funds into institutional operations.

Risks

  • Results in a minor reduction of federal tax revenue.
  • Creates a differential tax treatment between religious and secular private universities.

Society

Positive Outlook
60%

Benefits

  • Provides support for religious educational autonomy and institutional mission.
  • Alleviates financial pressure on faith-based academic entities.

Risks

  • Criteria for 'qualified religious institution' status may create administrative complexity for the IRS.
  • Potential for disparate treatment of similar educational institutions based on religious affiliation.
3

How trustworthy & consequential it is

Source

Congress.gov

Official bill text or data from Congress.gov.

Confidence

high

high

Information is complete and verified.

Analysis status

Full bill text (Congress.gov)

Source used for this bill's analysis.

Warning

Potential for uneven application of exemption criteria based on institutional governance structure.

Limitation

Tax revenue impact is currently unquantified by the CBO.

4

Where it stands

Introduced

Complete
2

Committee

Current

Referred

3

Floor

Upcoming
4

Enacted

Upcoming
5

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6

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