taxes

The Cooperative Difference and Tax Reform

How will the new federal tax changes affect HomeWorks Tri-County Electric Cooperative?

They will have very little impact on us - because as a not-for-profit electric cooperative we do not pay federal taxes on electricity sales.

For-profit investor-owned electric utilities (IOUs) pay federal taxes. Therefore, the federal corporate tax reduction will result in lower expenses and higher profits for them.

That’s just one difference between the two business models. Another difference is what the companies do with their profits.

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