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]
[S. 713 Introduced in Senate (IS)]







109th CONGRESS
  1st Session
                                 S. 713

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 6, 2005

Mr. Roberts (for himself and Mr. Lugar) 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 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 (q) as subsection (r) and by 
inserting after subsection (p) the following new subsection:
    ``(q) 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.
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