The Senate continues debating its comprehensive tax reform bill, with a floor vote expected today.
ICBA remains concerned with provisions affecting Subchapter S corporations as well as mortgage-servicing rights held by community banks, and it is calling on affected institutions to reach out to their senators on these crucial issues.
Subchapter S community banks can use ICBA’s Be Heard grassroots action center to urge their senators to bring S-corp banks into closer tax parity with C corporations.
The action center also allows community banks with mortgage-servicing rights to fight a provision that would force them to pay a tax on servicing income up front, not over years as income is collected.
Contact Senators on Subchapter S
Be Heard on Mortgage Servicing