BILL · 2025–26 SESSION

HB 1506: Credit union-bank merger/tax

Imposing a business and occupation tax on state-chartered credit unions that merge with a commercial bank.

Summary

  • Removes business and occupation tax exemption for a state-charted credit union that merges with or acquires a bank regulated by the Department of Financial Institutions.

From the House Bill Analysis 2025 (HB 1506), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 22, 2025
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Amy Walen (D-48)
Introduced
January 22, 2025 in the House
Last action
January 12, 2026
Budget
Has a fiscal note

AN ACT Relating to imposing a business and occupation tax on state-chartered credit unions that merge with a commercial bank;

Sponsors

Prime sponsor: Amy Walen (D-48)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Finance.

HB 1506 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page