Tax

The Republican push to lower the corporate tax rate is already having an impact on banks and other investors in low-income housing tax credits.

The prospect of a lower corporate rate resulting from looming tax reform discussions may be a blessing for the industry, but it could be bittersweet for one particular group of bankers.

U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn't out to kill Americans' beloved mortgage-interest tax deduction — but a side effect of the plan could turn it into a perk for only the wealthy.

Floridians will see smaller tax cuts this year than earlier plans envisioned, but voters will have a chance to give some homeowners a property tax break by increasing the homestead exemption.

Administration and leaders in Congress support some common principles that could help banks.

Bankers hope that new tax policy will respect the role of tax-assisted community development programs in encouraging business investment in distressed areas.