NRECA Supports Bipartisan Legislation Giving Electric Cooperatives Tax Credit for Retirement Funds
The National Rural Electric Cooperative Association (NRECA) supports The Preserving Employee Retirement Savings Act, introduced by Reps. Brad Schneider, D-Ill., and Mike Kelly, R-Pa., which would grant electric cooperatives a two-year tax credit for up to 20% of their retirement fund costs. The tax credit could generate as much as $100,000 in 2020 and 2021 for each eligible electric cooperative.