C&A Cooperative Tax Brief: Proposed Amendment to Section 501(c)(12) for Water Companies

On November 29, 2012, Senator Udall of Colorado submitted a bill to amend Section 501(c)(12) as it relates to mutual ditch and irrigation companies.  The bill would (i) modify the Member Income Test by exempting certain income and (ii) codify an exception for mutual companies to allow pro-rata voting based on share ownership.

Read the latest Cooperative Tax Brief 2012-12.

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David Cook
Practicing law for 20 years, David focuses on construction & procurement law, rural utility cooperative law, and Georgia local government law.

About Cook & Associates

Cook & Associates serves rural utilities, state and local governments, and construction clients with specialized legal services while retaining the personal touch and more economical rates of a small firm.