Certain assets of colleges and universities certain growth participation fee establishment provision and special revenue fund account establishment provision

This bill imposes a participation fee on Minnesota colleges and universities with significant assets and Minnesota-based students. Specifically, institutions with over $100 million in assets, at least 500 Minnesota tuition-paying students, and over 50% of students from Minnesota must pay a fee based on their "asset growth" (increase in non-educational assets per student). The fee rate ranges from 15% to 25% depending on per-student asset value, calculated annually. Collected fees fund a dedicated "higher education assets growth account" in the state treasury, which supports student aid programs under Minnesota Statutes. The fee applies to taxable years beginning after December 2025, affecting the 2026-2027 academic year.