The House Ways and Means Committee has tentatively supported a bill to tax certain business activities of universities.
A Democratic member of the 25-man committee told the CRIMSON yesterday that an unannounced vote of the House group indicated support for the administration-backed plan.
Under the proposals, educational institutions would be taxed as regular corporations when their business activities are unrelated to the school's main function and compete with taxed businesses.
The date for House action, when formal committee approval comes, is not yet definite. Senate action would follow.
Paul C. Cabot '21, Treasurer of the College, testified before the House group in February that Harvard would not be affected by the proposals due to the conservative investment policies it follows.
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