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Tax reform takes its first steps this week

On Thursday, June 13 it is expected that the Senate Finance Committee will hold a private meeting to discuss the final tax options paper. This paper is expected to focus on exempt entities. It is likely that this paper will include references to the credit union tax status, and staff have advised LSCU that a member-level discussion of the credit union tax status is also possible. The League has been in touch with several member offices over the last few months in advance of this meeting. The governmental affairs team will keep you updated as information becomes available. In the meantime, continued grassroots action is critical.