Federal Tax Changes Will Not Affect Blue Grass Energy
Recently, changes were made to the federal corporate tax code. These changes lowered federal taxes on for-profit corporations.
Blue Grass Energy is a not-for-profit cooperative and exempt from federal taxes. (We still pay property and local taxes.).
Therefore, these tax code changes do not impact us, and there are no additional savings available to pass on to members.
Members are already benefiting from lower taxes—more than if they were served by an investor-owned utility, and they receive their power at our cost.
That is part of the value of their cooperative membership.
However, for investor-owned utilities, they are subject to federal taxes, and will see a decrease in the amount paid to the federal government.
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