Tennessee colleges, universities concerned about GOP tax plan

Speaker of the House Paul Ryan, R-Wis., meets with reporters as he encourages support for Republican tax reform legislation, on Capitol Hill in Washington, Thursday, Nov. 9, 2017. (AP Photo/J. Scott Applewhite)
Speaker of the House Paul Ryan, R-Wis., meets with reporters as he encourages support for Republican tax reform legislation, on Capitol Hill in Washington, Thursday, Nov. 9, 2017. (AP Photo/J. Scott Applewhite)

Colleges and universities in Tennessee are raising concerns about proposed Republican tax plans, which, if passed, could include a tax on the endowments of private colleges and tuition waivers for graduate students.

The proposed changes were presented in a House plan Nov. 2.

A Senate version of the legislation, presented Thursday, includes the same excise tax proposal on large private college endowments but does not include the provision that would treat graduate student tuition waivers as taxable income.

Read more at our news partner's website, knoxnews.com.

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