Tax on certain growth of certain assets of colleges and universities established, and special revenue fund account established.

The bill establishes a tax on the growth of certain assets held by colleges and universities in Minnesota. It also creates a special revenue fund account to manage the proceeds from this tax. The goal is to generate additional funding for educational initiatives and support within the state.

Supporters of the bill argue that taxing the growth of college and university assets will provide much-needed funding for educational programs and services. They believe this measure will help improve access to education and enhance opportunities for students across Minnesota.

Critics of the bill contend that taxing the growth of college and university assets could discourage investment and financial growth within these institutions. They argue that this could ultimately harm students by limiting resources and funding available for educational programs.