The BIG BANK concept in action.
Legislature considers taxing credit unions
Jun. 29, 2013
To tax or not to tax? That’s the question facing the Oregon Legislature regarding the state’s 71 credit unions.As the session winds down, credit unions and commercial banks alike are eying House Bill 2486, which could impose a corporate excise tax on some of state-chartered credit unions. The bill is currently in the House Revenue Committee.
Banks argue that credit unions’ exception to the tax puts them at an unfair advantage. Credit unions counter that the exemption allows them to serve their initial purpose and pass savings and service onto their customers.
Both sides have laid out their cases below:
http://www.statesmanjournal.com/arti...-credit-unions
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