Help Protect the Tax Status of Electric Co-ops!
Electric cooperatives are facing the possible loss of their tax-exempt status if they accept any type of grant. MLEC was recently awarded a grant to install fiber broadband Internet, which is the only way MLEC can afford to be in the fiber business. The grant money MLEC received has to be counted as non-member income. The ultimate consequence is that MLEC would have to pay federal corporate taxes – adversely affecting our operating expenses. Please contact your federal legislators to explain the situation and get their support in favor of electric cooperatives.