Collegiate Housing and Infrastructure Act of 2005

Collegiate Housing and Infrastructure Act of 2005 - Amends the Internal Revenue Code to permit organizations organized and operated exclusively for charitable or educational purposes and which make collegiate housing and infrastructure improvement grants to continue to be treated as tax-exempt organizations so long as all of the active members of the recipient organization are full-time students at the college or university with which the recipient organization is associated.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1532 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1532

 To amend the Internal Revenue Code of 1986 to provide for collegiate 
                   housing and infrastructure grants.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 8, 2005

   Mr. Ryan of Wisconsin (for himself and Mr. Cardin) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 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 2005''.

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 (p) as subsection (q) and by 
inserting after subsection (o) the following new subsection:
    ``(p) 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), 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 (including provision for students of sleeping 
        quarters, dining areas, study areas, libraries, instructional 
        areas, fire and other safety improvements, computers and 
        peripheral equipment, computer wiring, dedicated social or 
        recreational areas, physical fitness facilities or equipment, 
        laundry facilities, and telephone service) that would be 
        permissible for a college or university described in subsection 
        (c)(3).
            ``(3) Grants to certain organizations holding title to 
        property, etc.--For purposes of this subsection, a grant to an 
        organization described in subsection (c)(2) or (c)(7) holding 
        title to property 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.
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