Loans to rural electric cooperatives

From the 2024 DOR Tax Exemption Study

82.04.4276 - Loans to rural electric cooperatives Description Cooperative finance organizations may take a B&O deduction for amounts received derived from loans to rural electric cooperatives or other non-profit or governmental providers of utility services organized under state laws. A cooperative finance organization is a non-profit organization with the primary purpose of providing, securing, or otherwise arranging financing for rural electric cooperatives. A rural electric cooperative is a non-profit customer-owned organization that provides utility services to rural areas. Purpose To reduce taxes paid by cooperative finance organizations. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deduction would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions This deduction impacts fewer than three taxpayers; any impacts are confidential. Data Sources Department of Revenue, Excise tax data Additional Additional Information Info