Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Posted on Oct 7, 2019 in Legislative & Politics, Technology | Comments Off on Coop CEO Advocates to Expand Rural Broadband by Passing RURAL Act
Tim Johnson, CEO of Otsego Electric Cooperative, recently testified before a congressional committee with respect to coops’ tax-exempt status under the Tax Cuts and Jobs Act. Johnson advocated that Congress fix the federal tax code so that not-for-profit cooperatives would no longer lose their tax-exempt status by taking federal, state or local grants to bring broadband service to rural residents. Johnson also urged lawmakers to pass the RURAL Act, a bipartisan bill that would allow coops to once again accept government grants without risking their tax status.
