H187 embedded with "the revenuers"!
June 30 has about come and gone; but our Legislature has failed to reach agreement, by that hoped for deadline, on our State budget
Probably
a very wise move not to rush forward, given all the cutbacks which may
be coming out of D.C. very shortly. Many sectors of our State
government, the university and school systems, and social network
services face great uncertainty. Popular oxen will be gored...
So the Legislature will be back sometime later this summer to finish up. The pause leaves H187 - "The Anyone, Anywhere, and Anything Goes Credit Union Act" stalled in the Secretary of Revenue's S595 budget, clean-up bill. Stay tuned... a budget will get approved.
Whether our Legislature believes passage of H187 is an essential part of that required all-North Carolinians' budget package will be interesting to follow.
😎 Given all the on-going critique of the tax-exempt status of credit unions, not sure that seeking shelter under a state tax bill (S595) is a prudent "strategic plan"... somebody might get ideas.
Why does SECU need this bill so desperately... ??
Who says we need it badly?
ReplyDelete11:42pm My sources are our elected state representatives; what are yours?
ReplyDeleteand McKinley Wooten, SECU Board Member and Secretary of the Departmanet of Revenue, put H187 in the Revenue Bill from the House. Certainly give the appearance that SECU desperately wants this legislation. The action of SECU "says we need it badly."
ReplyDeletewhen your CEO tells everyone to email their rep ...
ReplyDelete