07/11/2019 07:49 pm
ARLINGTON, Va. – In a letter to the House Ways & Means Oversight Subcommittee, NASCUS expressed concern that the excise tax on excess executive compensation imposed by the Tax Cut and Jobs Act of 2017 (TCJA) will result in a significant hardship for tax-exempt organizations, such as credit unions, that have not had the notice and opportunity to prepare accordingly.