Yes, Sub-S shareholders will receive a 20% pass-through deduction on operating earnings.
William J. Goetz, CPA
Senior Executive Vice President & CFO
| Jefferson Bank |
| 1777 N.E. Loop 410, Suite 201 |
| San Antonio, Texas 78217 |
| 210-736-7815 |
| 210-736-7806 (fax) |
| 210-912-3776 (cell) |
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------Original Message------
Is the pass through rate foe Sub S Banks passed through to the shareholders?
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Kent Carruthers
President
The Citizens Bank of Clovis
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