Tax Reform


Ways And Means Working Group Tax Reform Report Delivered
The credit union tax status is one of many issues discussed in the just-released report on tax policy reform created by 11 House Ways and Mean working groups and delivered to the Joint Committee on Taxation.

The 550-plus page report does not contain any policy recommendations, but lists the pluses and minuses of around 400 different tax expenditures.  Read More
Tax Report a Mixed Bag for CU Exemption
The long-awaited working group report to the House Ways and Means Committee on tax reform, released Monday, is a mixed bag for credit unions.

On the one hand, the report from the Working Group on Charitable/Exempt Organizations summarized the input it received to be overall in favor of retaining the credit union tax exemption.

And, the Working Group on Financial Services reported submissions it received suggest Congress should retain the tax-exempt status for credit unions.  Read More

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