Tax and Financing

The RUS repricing bill would provide crucial relief for co-ops hit hard by the COVID-19 pandemic.

Biden’s agenda will be complicated by a divided Congress.

USDA loans to 45 electric co-ops will benefit 1.4 million homes and businesses.

NRECA keeps pushing to allow co-ops to refinance federal loans at low interest rates.

Co-ops could be eligible for up to $100,000 in refundable tax credits in 2020 and 2021.

Repricing co-ops’ federal debt could help them invest in broadband or replace aging equipment.

An average co-op with typical RUS debt could save $2 million a year in interest at today’s rates

The bill would provide a huge boost for co-ops struggling with the financial impacts of COVID-19.

Co-ops need loans and consumers need broadband access during the pandemic, NRECA told Congress.