Notice 2018-15 provides that the IRS shall not process applications for, or issue allocations of, the remaining unused authority to issue new clean renewable energy bonds under § 54C of the Internal Revenue Code (the Code) under Notice 2015-12, 2015-10 …
Cooperative Posts
Tax Reform Act Impacts Cooperatives, Part II: UBIT Changes
Part II of the series on the impact of tax reform on cooperatives discusses the changes to Unrelated Business Income Tax (“UBIT”). Whereas Part I primarily focused on taxable cooperatives and new Section 199A, this part focuses on tax-exempt …
Cooperatives Should Review the FCC’s New Order Concerning Net Neutrality
Cooperatives provide high-speed broadband services in metropolitan and rural areas throughout the country. So they should pay attention to the Federal Communications Commission’s recent action affecting broadband service providers.
The FCC issued a ruling on the regulatory classification of broadband …
Tax Reform Act Impacts Cooperatives: New Section 199A
On December 22, 2017, Congress’ new tax reform bill became law as Public Law 115-97 (the “Act”). The Act substantially amends the Internal Revenue Code including provisions that directly impact cooperatives. This post is the first in a series that …