House Clears 3 Tax Bills; CU Exemption Safe In All Of Them

Tax Reform

WASHINGTON—The House on Friday cleared the last of three bills constituting "Tax Reform 2.0." The credit union industry's tax-exempt status remains untouched.

The tax reform package contains three bills related to individual, family and small business tax cuts included in last year's Tax Cuts and Jobs Act, retirement savings and startup businesses. The package now moves to the Senate, where it is not expected to be addressed, NAFCU said.

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Copyright Year: 2019
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