by AHC Attorney, Mary B. Luong
On March 27, 2020, the President signed into law the Coronavirus, Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act provided an economic stimulus package of $349 billion dollars for Paycheck Protection …
By AHC Attorney Merry Luong
The Coronavirus (COVID-19) pandemic has caused a global disruption to businesses, causing many to temporarily close and lay off employees. As businesses assess the short– and long–term economic impact of COVID-19, …
The FCC is seeking more than $200 Million in fines from “one or more” cellphone carriers, among them AT&T and T-Mobile. Officials found the companies apparently violated federal law by failing to safeguard information about customers’ real-time locations.
The following …
McKenzie Electric Cooperative recently filed a lawsuit seeking damages from its supplier Upper Missouri G&T Electric Cooperative and electricity generator Basin Electric Cooperative. McKenzie Electric is claiming that rate increases since 2016 violate state law and breaches contractual agreements…
The IRS has provided guidance on how exempt taxpayers, like Section 501(c)(12) cooperatives, can claim a refund after the repealed provisions concerning qualified transportation fringes. You can visit the IRS site for more information.
…The Taxpayer Certainty and
On August 1, 2019, the Federal Communications Commission proposed closing the rural digital divide by establishing the Rural Digital Opportunity Fund, which would direct up to $20.4 billion to expand broadband in unserved rural areas. When the FCC …
On October 30, 2019, the Georgia Court of Appeals vacated, reversed, and remanded the denial of a cooperative bank‘s summary judgment motion on fiduciary duty and other claims from prospective borrowers in AgSouth Farm …
On December 20, 2019, the President signed into law the RURAL Act, H.R. 2147, which fixes an error in the 2019 tax reform law (Public Law 115-97). The error was expected to result in taxation of government grants, and Section …
Perhaps the most impactful aspect of the recent tax reform law is the change to the treatment of governmental grants. Many cooperatives qualify for governmental grants in furtherance of their community benefits, such as electric, telephone, and broadband service and …
Three executives of Eastern Oregon Telecom (EOT) announced in May they have purchased the internet and phone provider from its parent company Umatilla Electric Cooperative. EOT General Manager and CEO Joe Franell, CFO Paul Keeler and COO Richard Holbo, …