S. 4907 — TRADES Act

This section increases from 8 percent to 15 percent the threshold used to determine applicable educational institutions subject to the 1.4 percent excise tax on net investment income. It transfers the resulting revenue increase on an annual basis from the general fund to the career and technical education state grant program under title I of the Carl D. Perkins Career and Technical Education Act of 2006. The changes apply to taxable years beginning after the date that is 12 months after enactment.