Bankers Lobby For Tax Changes

Photo: clipart.com

Bankers Lobby For Tax Changes

Members of the South Dakota Bankers Association are launching a public campaign to help increase awareness about tax inequities for credit unions and the Farm Credit System, and to draw attention to lost local revenue opportunities resulting from archaic pieces of the federal tax code.

SDBA President Curt Everson says their goal is to help convince Congress to remove outdated and costly tax exemptions that credit unions and Farm Service offices have enjoyed for generations…

Everson says a tax review is long overdue…

Everson says some of the tax exemptions have outlived their purpose…

Everson says favorable treatment given to credit unions and Farm Credit offices threatens the long-term economic foundation of communities in South Dakota, particularly in small towns in rural areas

The Bankers Association will hold news conferences to highlight the issue today (Wednesday) in Sioux Falls, and tomorrow in Pierre and Rapid City.

Recent Headlines

in National, World

U.S. deploying special force to boost fight against Islamic State


A specialized expeditionary targeting force will help Iraq put additional pressure on Islamic State and be positioned to conduct operations into Syria.

in Agriculture

Industry Says EPA Missed the Mark on Mandated Ethanol Volumes

EPA Flag 2015

Monday afternoon the EPA released the volume obligations for ethanol under the Renewable Fuel Standard. The finalized EPA target levels…

in Agriculture

American Petroleum Institute Supports RFS Decision

API Logo

American Petroleum Institute officials say the Environmental Protection Agency did the proper thing by lowering the mandated ethanol volumes. API’s…

in Agriculture

Biodiesel Industry Pleased With RFS Levels

national biodiesel board _logo- approved

The biodiesel industry is pleased with EPA’s decision to raise the mandated biodiesel volumes under the Renewable Fuel Standard. Under…

in Agriculture

Management Strategies With Net Farm Income Down for 2015


USDA predicts net U.S. farm income will drop 38 percent this year to $55.9 billion. That would be the lowest…