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Bankers Lobby For Tax Changes

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SDBA President Curt Everson says their goal is to help convince Congress to remove outdated and costly tax exemptions that credit unions and Farm Service offices have enjoyed for generations…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

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