Local

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SDBA President Curt Everson says their goal is to help convince Congress to remove outdated and costly tax exemptions that credit unions and Farm Service offices have enjoyed for generations…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

15 hours ago in Local

Health Organizations in Nebraska Watching the Zika Virus

mosquito

Health organizations are carefully monitoring the spread of the Zika virus after a large outbreak in May of last year in Brazil.

22 hours ago in Local

Property Tax Debate Continues in Nebraska

nebraska-state-capital

Governor Pete Ricketts told a legislative committee Nebraskans demand property tax relief...and the Unicameral needs to respond this year.

1 day ago in Local

SD Legislature Keeps Conceal Carry Bill Alive

ruger gun

The South Dakota House State Affairs Committee narrowly passed a bill that would allow people with an enhanced concealed weapons permit to possess those weapons in the state Capital and any county courthouse.

1 day ago in Local

SD Counties Have to Wait for Additional Dollars

state capitol pierre

South Dakota Governor Dennis Daugaard has told county commissions to “be patient” as money from taxes and fees that were raised last year flow to local governments.

1 day ago in Local

Minnesota Governor Dayton See Fire Damage in Medelia

dayton

Minnesota Governor Mark Dayton was in Madelia and got a first-hand-look at the damage from this week's fire that leveled several businesses along Main Street.