Tax-Exempt Organizations Subject of House Ways & Means Hearing
Rep. Charles W. Boustany (R-La.), chairman of the Subcommittee on Oversight of the Committee on Ways and Means, announced Thursday that the panel will hold a hearing examining operations and oversight of tax-exempt organizations.
The hearing has the potential to reignite the debate over the tax-exempt status of credit unions, which banks claim give the cooperatives an unfair advantage. However, representatives from both CUNA and NAFCU say credit unions are not a direct target.