Word: knowleses
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Dean of the Faculty Jeremy R. Knowles said last week that he would not make exceptions to a FAS-wide policy and waive the tax for particular groups or purposes.
"I have spoken with Dean Knowles and Dean Kidd about the FAS gift tax on student accounts. Although it would be improper for FAS to selectively repeal the tax, I have decided that the College will reimburse student groups for this assessment."
The 5-percent tax would have risen to 15 percent within three years. A committee that includes Associate Dean of the College Judith H. Kidd had recommended last month that student groups be exempted from the tax, which is imposed upon all units of the Faculty of Arts and Sciences...
UC President John S. Haddock ’07 said that even though Knowles has said that he will not repeal the tax, the UC will continue to push for the change.
Knowles said the tax was necessary to cover “the inevitable associated expenses” of gifts. But UC Student Affairs Committee (SAC) Chair and presidential candidate Ryan A. Petersen ’08 said on Tuesday that FAS, which faces a projected $75 million operating deficit by...