|Most of America’s 900-plus electric cooperatives — which are built by and belong to their communities — are tax-exempt entities. A change to federal tax laws in 2017, targeted at for-profit companies, had inadvertently placed at risk the tax-exempt status of your cooperative.
On Thursday December 19th, Congress passed the RURAL Act, protecting more than 900 electric cooperatives throughout the nation from the risk of losing their tax-exempt status when they accept government grants for disaster relief, broadband service and other programs that benefit co-op members.
Tens of thousands of co-op leaders, employees and members across the country rallied to advocate passage of the bill.
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