110th CONGRESS
1st Session
S. 638
To amend the Internal Revenue Code of 1986 to provide for collegiate
housing and infrastructure grants.
IN THE SENATE OF THE UNITED STATES
February 15, 2007
Mr. ROBERTS (for himself, Mr. CHAMBLISS, Mr. CRAIG, Mr. ENSIGN, Mr. HAGEL,
Mr. ISAKSON, Mr. LOTT, Mr. LUGAR, and Mr. THUNE) introduced the following
bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to provide for collegiate
housing and infrastructure grants.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Collegiate Housing and Infrastructure Act
of 2007'.
SEC. 2. CHARITABLE ORGANIZATIONS PERMITTED TO MAKE COLLEGIATE HOUSING
AND INFRASTRUCTURE GRANTS.
(a) In General- Section 501 of the Internal Revenue Code of 1986 (relating
to exemption from tax on corporations, certain trusts, etc.) is amended
by redesignating subsection (r) as subsection (s) and by inserting after
subsection (q) the following new subsection:
`(r) Treatment of Organizations Making Collegiate Housing and Infrastructure
Improvement Grants-
`(1) IN GENERAL- For purposes of subsection (c)(3) and sections 170(c)(2)(B),
2055(a)(2), and 2522(a)(2), an organization shall not fail to be treated
as organized and operated exclusively for charitable or educational purposes
solely because such organization makes collegiate housing and infrastructure
grants to an organization described in subsection (c)(7), so long as,
at the time of each such grant, substantially all of the active members
of the recipient organization are full-time students at the college or
university with which such recipient organization is associated.
`(2) HOUSING AND INFRASTRUCTURE GRANTS- For purposes of paragraph (1),
collegiate housing and infrastructure grants are grants to provide, improve,
operate, or maintain collegiate housing that may involve more than incidental
social, recreational, or private purposes, so long as such grants are
for purposes that would be permissible for a dormitory of the college
or university referred to in paragraph (1). A grant shall not be treated
as a collegiate housing and infrastructure grant for purposes of paragraph
(1) to the extent that such grant is used to provide physical fitness
equipment.
`(3) GRANTS TO CERTAIN ORGANIZATIONS HOLDING TITLE TO PROPERTY, ETC- For
purposes of this subsection, a collegiate housing and infrastructure grant
to an organization described in subsection (c)(2) or (c)(7) holding title
to property exclusively for the benefit of an organization described in
subsection (c)(7) shall be considered a grant to the organization described
in subsection (c)(7) for whose benefit such property is held.'.
(b) Effective Date- The amendment made by this section shall apply to grants
made in taxable years ending after the date of the enactment of this Act.
END
