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Infrastructure and Innovation

Many institutions of higher education rely upon tax-exempt bond financing to acquire, construct, and/or expand capital infrastructure such as academic buildings and state-of-the-art laboratories, residence halls, student centers, hospitals, athletic facilities, energy plants, museums, and more.

University-industry research collaborations that take place in tax-exempt bond-financed facilities on campuses help to accelerate the transformation of fundamental discoveries made in the lab into the innovative products and services that help support economic development and improve the quality of life for millions of Americans.

The federal Research & Development Tax Credit, which allows companies to deduct qualified research expenses from their overall corporate income taxes, promotes greater collaboration between industry and universities, including fostering employment opportunities for students and graduates, and the growth of start-up companies.

 

 

Higher education associations submit a statement to the Senate Finance Committee as a part of the tax reform bipartisan working group process.
The following backgrounder is about Internal Revenue Code Sections 103(a), 141(b), 141(c), and 501(c)(3) which is when colleges and universities need capital to finance expansion or renovation of existing facilities.
The following joint statement is about providing capital financing for not-for-profit healthcare and higher education institutions.