Tennessee AG Scales Back Cooperative Tax Breaks
Posted on Oct 23, 2015 in Tax | Comments Off on Tennessee AG Scales Back Cooperative Tax Breaks
The Tennessee attorney general (AG) has stated that the state’s rural electric cooperatives are not entitled to a tax break that has been used since the late 1980s entitling cooperatives a temporary exemption from local property taxes after building a new facility or plant. The AG opines that the state constitution does not allow this break because cooperatives are neither government agencies nor charities.
