To the Beltway

Berea College benefits from Bipartisan Budget Act

02/09/2018 09:27 AM

WASHINGTON- Berea College has been spared from a large tax bill under the Bipartisan Budget Act. Senate Majority Leader Mitch McConnell, R-Kentucky, and U.S. Representative Andy Barr, R-Lexington, secured a provision in the new law to exempt Berea College from an excise tax imposed on large private college endowments. Under the Tax Cuts and Jobs Act, a provision was included that would have cost Berea College, which provides free tuition to low-income students, about $1 million per year. A provision in... Read more 

SUBSCRIBE NOW

Subscribe to email updates.

Subscribe and get the latest political intelligence delivered to your inbox.

TWEETS ABOUT KY POLITICS