Thursday, February 07, 2013 10:45:00 AM
WASHINGTON – The tax policy-writing House Ways & Means Committee has scheduled a hearing next week on itemized charitable deductions. The hearing is part of what will be a broader look by the committee at the subject of comprehensive tax reform.
CUNA does not expect the credit union tax status to be any part of the focus at this hearing, though the association will be monitoring it closely, as it could shed light on how the committee intends to evaluate tax provisions going forward.
Preserving the credit union tax status is a top CUNA priority. CUNA's 2013 four-pillar legislative agenda focuses on preserving the credit union tax status, reducing regulatory burden, engaging in housing finance reform, and advancing credit union charter enhancements, such as MBL reform and supplemental capital.
The hearing is scheduled for next Thursday morning.