Tuesday, March 11, 2014
Tax Expenditure from Not Taxing CU Income
The Office of Management and Budget released its latest estimate of the size of the income tax expenditure associated with the credit union tax exemption.
Between fiscal years 2015 and 2019, the income tax expenditure will equal $12.81 billion. It will grow from $1.97 billion for fiscal years 2015 to $3 billion for fiscal year 2019.
Between fiscal years 2015 and 2019, the income tax expenditure will equal $12.81 billion. It will grow from $1.97 billion for fiscal years 2015 to $3 billion for fiscal year 2019.
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