Imposes excise tax on net investment income of public universities.

Summary

Digest: The Act makes a new tax on returns from investments of state universities. (Flesch Readability Score: 63.4). Imposes excise tax on net investment income of public universities. Directs revenues to Fund for Student Success. Applies to tax years beginning on or after January 1, 2026. Takes effect on 91st day following adjournment sine die.