Collegiate Housing and Infrastructure Act of 2007

[BadCat25]

Not only will congress never pass this bill but it is a bad bill. When you start accepting tax breaks you open the door to political interference in what you do and how you operate. Do you really want Congress to start writing rules for GLOs? In the case of charities that can receive tax deductible contributions the rules on how you can operate are rather extensive. They can not just do anything they want and it is almost certain that Congress would do the same with GLOs.

[susan314]

Originally Posted by BadCat25

Not only will congress never pass this bill but it is a bad bill. When you start accepting tax breaks you open the door to political interference in what you do and how you operate. Do you really want Congress to start writing rules for GLOs? In the case of charities that can receive tax deductible contributions the rules on how you can operate are rather extensive. They can not just do anything they want and it is almost certain that Congress would do the same with GLOs.

I think you might not be clear on what exactly the bill is asking.

Most (if not all) GLOs already receive tax deductible contributions. What is being asked in this circumstance is to allow tax free funds to be allowed for infrastructure improvements (such as sprinkler systems, etc.) - universities are able to do so, and the argument is that fraternity and sorority houses provide a large chunk of student housing in a similar manner to university dorms. (My assumption is that this would be done through the house corps - the GLO would have a non-profit house corp in the same manner that they already have non-profit foundations, while the operating funds would not change status. Again, that is my assumption.)

You might still not agree with that, and you're certainly entitled to your opinion. But I just wanted to point out that certainly the GLOs know what they are asking for by requesting to accept tax free contributions, since most (if not all) have a non-profit arm already.

[Tom Earp]

The situations are different and I do not really understand why health care was even brought up.

The money donated to colleges are not used to build dorms. Check that out and see.

Living at the division of two states, Kansas and Missouri, I see the time and effort buy State Colleges to get money from the State Governments to just help in infrastructure repairing. This is not being done to this day, just a band aid effect at the very best. There is not enough money coming from the tax paying citizan to pay for many improvements at the college level but for infrastructure of the States. None of these funds are going for new Dorms.

So, if the population of students is growing, there is no place for them to live as dictated by colleges.

So, where does that bring the bills in question? It allows Greeks to build, repair and increase the infrastructure of a College invironment at our expensive not the tax payer.

This is not an old thing, as the last house that was covered by this was the LXA New house at the time at the Un. Ks.

The IRS then stepped in and changed what they called a loop hole.

So, this is nothing totally new, it is just trying to reverse what had been changed.

If you do not think this will help, then do not try to do any thing.

If you think it will, then get on it!