In 1988, the Tennessee Legislature changed state law to give rural electric cooperatives a temporary, four-year city and county property tax exemption on their investments in… Read More »Unnoticed tax exemption creates surprise break for co-ops but confusion for lawmakers in
Attorney David Cook will be presenting a “Tax Update for Cooperatives” at the NTCA 2015 Finance & Accounting Conference. Click here for more details. NTCA… Read More »Telephone Cooperative Tax Update Presented by David Cook
Real Estate Investment Trusts and Cooperatives’ Patronage Dividends Some of the more interesting cooperative tax cases involve the interplay of cooperative tax law, such as… Read More »Real Estate Investment Trusts and Cooperatives’ Patronage Dividends
To view this Cooperative Tax Brief in the traditional PDF format, click here. Introduction What counts as notice of patronage under Subchapter T? Traditionally, notices… Read More »Cooperative Tax Brief: Alternative Methods of Patronage Notification
To view this AHC Cooperative Tax Brief as a PDF, click here. The IRS has rejected an organization’s application for exemption under Section 501(c)(12), even… Read More »Cooperative Tax Brief: Federated Telecommunications Cooperative Denied Exemption
Cooperatives May Offset Bad Debt With Capital Credit Balances
Like for-profit companies, cooperatives encounter bad debt of members and patrons. They can initiate collection efforts to pursue bad debts, but because their members are also their owners, debt collection can be a complicated endeavor. With regard to former members, a recent IRS private ruling discussed an alternative option for recovering outstanding balances.
To view the latest Cooperative Tax Brief, click here or continue reading below.
Read More »Cooperative Tax Brief: Cooperatives May Offset Bad Debt With Capital Credit Balances
Like public utilities, municipalities and other political subdivisions that provide electricity to customers must procure wholesale power. A recent IRS ruling discusses municipalities’ use of… Read More »Cooperative Tax Brief: Municipalities’ Generation Cooperative
Cooperative’s Consolidation and Liquidation of Subsidiaries
[To view this post in the typical AHC Cooperative Tax Brief format, click here.]
Like for-profit corporations owned by investors and shareholders, cooperatives provide services through subsidiaries. Whereas for-profit corporations own and operate subsidiaries to generate greater income for shareholders, cooperatives typically own and operate subsidiaries to provide diverse services to patrons and non-patrons. Like corporations, however, cooperatives occasionally find advantages in liquidating and consolidating subsidiaries when their need for such subsidiaries expires. Read More »Ruling Addresses Cooperative’s Consolidation and Liquidation of Subsidiaries
AHC is pleased to announce the creation of a new blog dedicated exclusively to the energy industry. The former Cooperative Law and Energy Blog has… Read More »AHC Creates Blog Dedicated Exclusively To Energy Law and Power Transactions
Who is entitled to vote as a cooperative member when a facility is composed of separately metered units? Does it matter whether residents of each unit are billed separately by the cooperative? Does the answer change when there are separate meters, but residents pay their pro rata portion to the facility’s owner, who remits payment to the cooperative? Read More »Member Voting and Multi-Meter Facilities
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