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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB1084 • 2025

Imposes excise tax on net investment income of public universities.

Imposes excise tax on net investment income of public universities.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator Anderson
Last action
2025-06-27
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-02-25 Senate

    Introduction and first reading. Referred to President's desk.

  3. 2025-02-25 Senate

    Referred to Finance and Revenue.

Official Summary Text

Digest: The Act makes a new tax on returns from investments of state universities. (Flesch Readability Score: 63.4).
Imposes excise tax on net investment income of public universities. Directs revenues to Fund for Student Success.
Applies to tax years beginning on or after January 1, 2026.
Takes effect on 91st day following adjournment sine die.
Relating to: Relating to a tax imposed on university endowments; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Current location: In Senate Committee