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Cost of CU Tax Exemption Drops in Latest Congressional Estimate

The estimate is a drop from the committee’s last estimate of $10.1 billion in lost revenue between 2017 and 2021.

U.S. Capitoll building.

The credit union federal tax exemption is likely to cost the federal government $9.9 billion in lost tax revenue between 2018 and 2022, the congressional Joint Committee on Taxation estimated last week.

The estimate is a drop from the committee’s last estimate of $10.1 billion in lost revenue between 2017 and 2021.

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David Baumann

 

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