Congress Moves to Fix Unintended Tax Consequences for Coops
Posted on Apr 5, 2019 in Tax | Comments Off on Congress Moves to Fix Unintended Tax Consequences for Coops
Earlier this week, Congressional leaders from both sides of the aisle introduced legislation to fix an unintended consequence of the 2017 tax law that put tax-exempt cooperatives at risk of losing that status. The new bill would roll back provisions of the 2017 tax law that counted grants for broadband development, emergency relief and other items as non-member income.
