AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

HB 8192 imposes a 2% tax on the portion of a private college's endowment exceeding $1 billion. It directly affects private institutions of higher education with endowments over $1 billion, requiring them to pay this tax on the amount above that threshold. The bill's key provision is the specific tax rate applied to the excess value, creating a new revenue source for the state. Introduced on February 27, 2026, it is currently under review by the House Finance committee.