NAFCU, CUNA invited to House Ways and Means working group session on Thursday as part of tax reform initiative.
Community bankers trade group lists annual priorities: Killing CU tax break higher on list than protecting its own.
Senate, House plans don't include specifics on which tax loopholes to eliminate.
Veteran lobbyist says working groups include two on credit union radar and that credit unions not stated target, so far.
Gov. Mark Dayton keynotes Credit Union Day in St. Paul.
As credit unions hunker down in defense of their federal tax exemption, the industry does have one thing in its favor. There are no known enemies among leadership on the House Ways and Means or Senate Finance Committees.
These three articles offer an in-depth look at the beginning of the new year for Congress and credit unions.
Florida congressman makes good on promise not to include tax exemption in debt reduction bill.
CUNA announced new legislative priorities for 2013 that include four key agenda items: preserving the credit union tax exemption, reducing regulatory burden, engaging in housing finance reform and advancing credit union charter enhancements.
According to industry veteran John McKechnie, who was working on Capitol Hill back in 1986, the last time credit union tax exemption was on the Congressional chopping block, a “volatile” environment on Capitol Hill means credit unions should be vigilant when it comes to protecting their tax-exempt status in 2013.