Iowa SSB1215 allows state banks to invest in federal tax credits without limitation.
Iowa SSB1215 amends the state code to permit state banks to invest without limitation in federal tax credits authorized under 26 U.S.C. Section 45 and 26 U.S.C. Section 48. This change enables state banks to engage in these investments for their own account, potentially expanding their financial strategies and opportunities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.