YOU CAN 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. Cooperative Light & Power (CLP) recently applied for a grant to install fiber broadband internet in the Cloquet Valley area. Receiving grants such as this is the only way that CLP can afford to be in the fiber business, improving the quality of life for our members. The grant money CLP may potentially receive and any other future grants that we receive has to be counted as non-member income. The ultimate consequence is that CLP 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.
