Credit unions - federal chartered

From the 2024 DOR Tax Exemption Study

82.04.405 - Credit unions - state chartered Additional Additional Information Information Category: Business Year Enacted: 1970 Primary Beneficiaries: State-Chartered Credit Unions Taxpayer Count: 50 Program Inconsistency: None evident JLARC Review: Full review completed in 2012 and 2017 2024 Tax Exemption Study Page 118 82.04.408 - Housing Finance Commission Description Income received by the Housing Finance Commission (commission) is exempt from B&O tax. This income includes fees generated from bonds issued and interest received from reserves used for the operation of the Commission. Purpose To support the activities of the commission as a financial conduit for programs that provides affordable housing. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption may increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources None Additional