This was and will be considered a notable year for the banking industry, because of the effort it took to successfully modernize the tax system on the banking industry. Because of the importance of and the efforts used to pass the necessary legislation for the tax reformation, there was not many other bills introduced or passed which impacted our industry. That doesn’t mean there were not many bills introduced. More than 1200 bills and resolutions were drafted and 201 bills passed.
Bills that impact the banking industry are summarized below. Each bill, unless it contains an emergency clause will go into effect 90 days from the end of session. If you need more information on any of these bills, please contact Debra Stamper at email@example.com