The budget bills include several provisions on taxation relating to higher education. The National Association of College and University Business Officers said those provisions should have positive outcomes for colleges. A parking tax levied under the 2017 tax cuts would be repealed in the budget. That tax applied to parking and transportation benefits for employees of all nonprofit organizations, including colleges. The budget also would nix the "kiddie" tax. This provision, which was part of the 2017 tax cuts, caused certain students who received scholarships to be taxed at high rates.
https://www.insidehighered.com/quicktakes/2019/12/20/tax-implications-colleges-budget-bill
