Government Relation News

Data pager
Data pager
12
 Item 1 to 7 of 13
of 2 
show all 13
List View
Data pager
Data pager
12
 Item 1 to 7 of 13
of 2 
show all 13

IRS Reporting Requirement Pulled!

10/29/2021
It appears that the provision that would require banks to report transactions to the IRS has been removed from the most recent budget draft!

Legislative and Political Update

10/19/2021
There is so much going on in the banking world right now, it seems right to release a “pressing issues” report for the membership, so that you can be sure that you haven’t missed anything in the chaos. Not much of the information in this report is new, BUT it feels as if Washington is “chumming” the banking waters with so much stuff that some of it is bound to stick regardless of how crazy it may sound. The information in this update is how it appears TODAY…it can change!

IRS Agents Bust 7-Year-Old for Getting More Than $600 Worth of Birthday Presents

10/15/2021
We have to stop this! This is an outrageous attempt to force a private industry to do the Government's work. There is discussion to make the amount higher, perhaps $10,000. But, that does not resolve the issues.

Pelosi Expects $600 Reporting to IRS to be in Reconciliation Bill

10/10/2021
We have to stop this! This is an outrageous attempt to force a private industry to do the Government's work. There is discussion to make the amount higher, perhaps $10,000. But, that does not resolve the issues.

Special Session Summary

09/10/2021
Summary

S.2222 Introduced on ECORA

07/01/2021
Five Senators (Moran, Boozman, Rounds, Cramer and Marshall) yesterday introduced S.2222, which would eliminate tax on interest earned from certain agricultural real estate loans.

More Legislative Work To Be Done

04/05/2021
We will provide a full summary of the 2021 Kentucky General Assembly during Group Meeting, as we always do. Please register, if you haven't already. This year's meeting will be in person, following COVID-19 safety protocols, as required in Kentucky.