SubChapter S Bank Bill Introduced in the House HR 2339 was introduced by Representative Kenny Marchant on May 4, 2017 in the 115th . . .
S Corp Banks
The final rules offer significant relief for S corp community banks. On October 13th, the Treasury Department and IRS released final and temporary . . .
ICBA expressed support for legislation introduced by Rep. Kenny Marchant (R-Texas) that would help Subchapter S banks raise capital. The Capital Access for . . .
On February 4, 2015, the House Ways and Means Committee, now under the Chairmanship of Congressman Ryan, approved seven bills to permanently renew . . .
On December 16th, 2014 the tax extenders bill finally passed in the Senate by a 76-16 vote and is on its way to . . .
On behalf of the Subchapter S Bank Association we have sent a letter to Chair Yellen, Comptroller Curry and Chairman Gruenberg expressing our continued concern regarding the unequal treatment depository institutions and their holding companies that elect to be taxed under Subchapter S of the Internal Revenue Code (IRC) receive compared to their peers taxed under Subchapter C, especially when considered in the context of the capital conservation buffer rules presently contained in Basel III and regulatory dividend restriction policy.