To amend the Internal Revenue Code of 1986 to exempt qualified religious institutions from the excise tax on investment income.
Key claim: HR9353 proposes to amend the Internal Revenue Code to exempt qualified religious institutions from the excise tax on investment income currently applicable to certain private colleges and universities.
Abstract
(HR9353 · 119th Congress) Latest action (2026-06-18): Referred to the House Committee on Ways and Means.
Why this matters
The 1.4% excise tax on private college and university endowment investment income (IRC §4968), enacted in the 2017 TCJA, has become a recurring target for narrowing carve-outs, and HR9353 represents a religiously-motivated exemption pathway distinct from broader repeal efforts. Tracking who is exempted matters for understanding the shifting base of the endowment tax and whether the levy trends toward secular institutions only. The proposal is at the introduced stage with no committee action reported.