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Last month, the US Congress passed the Rural Act, protecting the tax exempt status of more than 900 electric co-ops across the country.
Recent law changes had meant electric co-ops would lose their tax-exemption status if they accepted government grants for disaster relief, broadband service and other programmes that benefit members.
The Rural Act, signed into law as part of a sweeping tax and spending package, was designed to remove this risk – which had threatened the survival of many of the not-for-profit co-ops.
Read the rest at Co-operative News
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