North Dakota Bankers
Extraordinary Leadership for North Dakota Banks

UPDATE - IRS Reporting Provision Reportedly not in House Budget Bill

UPDATE - IRS Reporting Provision Reportedly not in House Budget Bill

Posted: Nov 03 2021
According to published reports, after weeks of intense lobbying by bankers and their customers and with bipartisan opposition now growing in Congress, the House Democratic leadership has reportedly agreed to omit the NDBA-opposed IRS reporting proposal from the most recent budget resolution draft.  While this is a positive step, negotiations on the proposal continue in Washington and there is still a possibility that it could be added later in the legislative process.
 

Designed and developed by Odney