With major tax legislation high on the congressional agenda, ICBA is making a final call for interested Subchapter S bankers to join the new Subchapter S Tax Working Group. ICBA members who do not currently serve in ICBA leadership are encouraged to apply.

Criteria: ICBA is seeking bankers with:

  • Detailed knowledge of Subchapter S investor taxation.

  • A willingness to engage directly with their members of Congress.

  • The ability to review and provide timely feedback on draft legislation.

  • A willingness to engage internal and external resources at the bank to provide feedback.

Background: The 20% deduction for Subchapter S bank investors (Section 199A) expires at year-end, along with other provisions of the 2017 Tax Cuts and Jobs Act, including the individual rate structure. Feedback from ICBA Subchapter S Tax Working Group members will inform ICBA’s response to evolving legislative tax proposals.

Additional Details: The group will meet monthly via Zoom, and as warranted by legislative developments. Selection will be based on relevant expertise, geographical diversity, and other factors. Holding a CPA is not necessary but would be helpful.


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