IRS proposes rules to revoke tax-exempt status for colleges with racial preferences
The Trump administration proposed IRS rules that would allow revoking tax-exempt status for private schools and colleges if the government finds racial preferences or discrimination in admissions, scholarships, policies and other programs.
By Richard RubinThe Trump administration proposed rules that would let the IRS strip tax-exempt status from private schools and colleges if the government determines that they have racial preferences or discrimination in admissions, scholarships, policies and other programs.The rules from the Treas…