The 2017 law counts grants as income, making it hard for some co-ops to avoid going over the 15% limit on non-member revenue that they must maintain to remain tax-exempt. Previously, grants were counted as capital and did not factor into co-ops’ revenue ratios. The RURAL Act would … [Read more...]
Season 2, Episode 2: Dealing With the Disastrous Effects of Flooding in the Heartland
Nov. 12, 2019: Midwestern farmers faced devastating flooding last spring, with recovery efforts still ongoing. Nebraska farm owners Kristi and Drew Wolfe give a firsthand look at what it’s been like to cope with this disaster. Kim Christiansen, who was GM of the Nebraska Rural Electric … [Read more...]
Q&A: Senate’s Lead RURAL Act Sponsors Discuss Their Strategy for Passage
More than a third of senators have now signed on to support the RURAL Act, a bipartisan bill by Sens. Rob Portman, R-Ohio, and Tina Smith, D-Minn., to protect electric cooperatives’ tax-exempt status. As of Monday, 38 senators were co-sponsoring the bill, which would allow … [Read more...]
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