Republican Framework Will Seek to Modernize Special Tax Treatment of Certain Industries "Credit News 24"

The Republican framework for tax reform will look to modernize special tax regimes that govern the tax treatment of certain industries and s...

Research: Mixed Evidence that CU Tax Exemption Serves Intended Purpose "Credit News 24"

The Federal Reserve Bank of Richmond recently published an article, Credit Unions: A Taxing Question that suggests there is mixed findings ...

To Get Tax Reform Right Treat Credit Unions Like Banks "Credit News 24"

Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor, a senior fellow at the Manhattan Institute and an adjunct pro...

Taxation is Not an Existential Threat to Credit Unions "Credit News 24"

As Congress looks at reforming the U.S. tax code, credit union groups are arguing that the elimination of the credit union tax exemption wou...

Size of CU Tax Exemption Jumps by 32 Percent "Credit News 24"

President Trump's Budget estimated that the tax expenditure arising from the credit union tax exemption is $35.3 billion over the next t...

Credit Union Tax Expenditure Is $35.31 Billion over the Next 10 Fiscal Years "Credit News 24"

The tax expenditure arising from the credit union industry's exemption from the corporate income tax will equal $35.31 billion over fisc...

Taxation and Supplemental Capital "Credit News 24"

In its advanced notice of proposed rulemaking (ANPR), the National Credit Union Administration (NCUA) Board expressed concerns that suppleme...

Joint Committee on Taxation Sets CU Tax Expenditure at $14.4 Billion over Five Years "Credit News 24"

The Joint Committee on Taxation estimates that the tax expenditures arising from the credit union exemption from corporate income taxation w...

Leasing of Excess Space by FCUs Should Be Subject to UBIT "Credit News 24"

Federal credit unions (FCUs) are leasing their excess space; but the income from such leasing arrangements is not subject to unrelated busin...