Trump administration targeting private college tax-exempt status
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Trump administration proposes stripping tax-exempt status from schools using race-based programs
The proposed rules were issued by the Treasury Department and the Internal Revenue Service.
The American Association of University Professors said it is considering legal action against the proposal.
The Treasury estimated the proposed rules could impact as many as 18,000 schools and 750,000 students.
Trump administration targets tax-exempt status of private colleges
The proposed regulations, if finalized, would apply to taxable years beginning on or after May 31, 2027.
Treasury Secretary Scott Bessent said the proposed rules were meant to root out racial discrimination in the U.S. education system.
A tax law passed last year by Republican lawmakers included a new charitable deduction worth up to $1,000 for single tax filers or $2,000 for married couples filing jointly.