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An Analysis of the Tax Treatment of Credit Unions: Value of Florida Credit Unions’ Exemption Is Now $259 Million

Budget & Appropriations, Cost Savings, Economic Development, Local Government, Research, Taxes

Originally designed to serve specific community segments, credit unions have since expanded their reach and service offerings, making their tax exemptions increasingly valuable. From 1997’s exemption value of $89.1 million, the exemption’s worth has risen to $259 million in 2023. This report sheds light on the industry’s transformations, recent trends like mergers and acquisitions, and reevaluates the rationale behind the tax exemptions. It aims to fuel informed discussions on credit union taxation and their exemption status.

Florida TaxWatch Emphasizes Value and Recommends Continuation of Florida’s Hospice Certificate of Need (CON) Program

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released Florida’s Certificate of Need Program Delivers High Quality Hospice Care, a report emphasizing the value and recommending the continuation of Florida’s hospice Certificate of Need (CON) program. The program, which is intended to increase statewide access to hospice care, allows for the addition of providers only if an area’s growth rate suggests there will be an unmet need – as determined by a population-based formula – for those services.  

Florida TaxWatch Examines Impact Fees, Effect on Housing Costs in Florida

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released The Impacts of Impact Fees on the Cost of Housing. Impact fees are (typically) one-time payments imposed by local governments on property developers to generate funds necessary to accommodate the impacts of new development on existing public facilities and services. FTW undertakes this independent research to better understand the effect of these fees on housing costs in Florida.

Florida TaxWatch Analyzes the Trends of Supply and Demand in Florida’s Housing Market

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released Florida’s Housing Market: Trends of Supply and Demand. This commentary analyzes the increasing cost of buying a house due to supply and demand issues in Florida, building upon FTW’s January 2023 report, Economic Commentary: An Update on Florida’s Housing Rental Market, which evaluated Florida’s challenges with the ever-rising cost of rent. In this report, the taxpayer research institute examines the slowly developing supply of housing units, the growing and evolving demand for housing stock, and the consequences of the high housing and rental prices.

Florida TaxWatch Analyzes Compensation and Workplace Issues in the Offices of State Attorneys and Public Defenders

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released Why Taxpayers Should Care About Workforce Instability with Florida’s Public Defenders and State Attorneys. This report builds on FTW’S previous research, Improving State Attorney and Public Defender Budget Process and Targeting Salary Increases Will Help Achieve Revision 7 Goals- Reduce Trial Lawyer Turnover (February 2004) and When It Costs More To Pay Less(March 2014), to present an updated analysis of how low salaries, heavy caseloads, limited work flexibility, and high turnover rates among assistant state attorneys (ASAs) and assistant public defenders (APDs) impact these critical positions and the Florida taxpayers they serve. Both previous reports successfully led to more competitive salaries and reduced turnover in these offices.

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