Cooperative Conversion to For-Profit Corporation
In a recent private letter ruling, the Service addressed a cooperative’s reorganization into a for-profit corporation. The transaction qualified under Section 354(a) and Section 368(a)(1)(F).
NTCA Letter to Congress about USF Improvements
In a recent letter, NTCA–The Rural Broadband Association requested members of Congress promote and sustain universal service. With new grant programs beginning to address challenges
Florida Electric Cooperatives are Subject to PSC Pole Attachment Regulation
On June 5, Florida Governor Ron DeSantis signed into law HB1221, which took effect on July 1, 2023. The new bill will subject rural electric cooperatives
Energy tax credits elective payment and the Member Income Test
In a prior post, I addressed new regulations from Treasury Department addressing clean energy tax credit options. The post discussed options for elective payment or
Cooperative Taxation: telecom coop divests cellular to focus on broadband
In a recent ruling, the Service addressed a telecom cooperative that divested its cellular business to focus on broadband services. It had transacted business through
IRS issues proposed regulations for clean energy credit options
The IRS issued proposed regulations and frequently asked questions addressing the elective payment option and transfer option for certain clean energy credits, including I.R.C. Section
RUS modifies final rule concerning retail broadband loans
RUS recently made minor modifications to a final rule with regulations it previously adopted to implement the 2018 Farm Bill. The modifications clarify the regulations
RUS finalizes ratio requirements for electric borrowers
RUS finalized ratio requirements for electric borrowers, which we discussed in a prior post. Click here for the prior post. View other posts about: The
RUS finalizes ReConnect Rules
RUS finalizes ReConnect Rules
RUS publishes final rule on audit requirements
As we addressed in a February 2023 post, RUS requested comments on proposed changes to the audit requirements. This month, RUS published the final rule.
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