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I~RtERF-;IS, by a recent ruling by the Internal Revenue Service (Revenue <br />Procedures 80-55), banks t,,i].l no longer be pet-mitred to dedt~ct for income <br /> <br />banks i,,ill be unwilling or unable to issue or renew Certificates of Deposit <br />or, if issued, the rates may ;,,ell be less than normal; and ~.~hereas, this <br /> <br />the conntry thereby substantially increasing the borrowing costs to the <br />the taxpayers of North Carolina. <br /> <br />this Administrative rnling may have on the taxpayers, do hereby strongly <br />Congressional delegation to likewise oppose this ruling. <br /> <br /> <br />