Treasury to conduct policy review of tax-exempt status for universities after Trump tweets

[Geee]

The Hill

Treasury Secretary Steven Mnuchin anticipates that his department will conduct a review of guidance related to the tax-exempt status of universities after President Trump tweeted earlier this month that he wanted the department to re-examine schools' tax exemptions.

"Secretary Mnuchin expects that Treasury’s Office of Tax Policy will conduct a policy review of the generally applicable regulations and guidance implicated by the President’s comment," Treasury's deputy general counsel told inspectors general for the department.

The inspectors general relayed the response on Friday to House Ways and Means Committee Chairman Richard Neal (D-Mass.).