HR 1, entitled the "One Big Beautiful Bill" Act (OBBBA), was signed into law by President Donald J. Trump July 4, 2024. The budget reconciliation measure spurs significant federal funding changes in many areas, including education, healthcare, and food policy. Please note that not every policy change listed below will go into effect immediately. Some changes are set to take effect throughout the next few years. PAGE has summarized potential school-related policy changes based on the m...| PAGE Legislative
The measure would create a national program funding private school tuition through tax credits, though states would have to opt in.| Education Week
The One Big Beautiful Bill (OBBB) includes some provisions relevant to private schools and donors who support K-12 education. The bill passed on July 3 and is expected to be signed by President Donald Trump by July 4. Most notably, the excise tax on investment income at private universities will now follow a tiered structure, with rates as high as 8% depending on a school's per-student endowment. Schools with significant investment assets may need to reevaluate how those assets are held and m...| natlawreview.com