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GGD-83-7 1 (1983-01-05)

handle is hein.gao/gaobabdul0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES Legislation Needed To Improve Administration Of Tax Exemption Provisions For Electric Cooperatives Since electric cooperatives were first granted tax exemption in 1924, many of them have grown and changed. IRS has tried to recog- nize the wide diversity among electric coop- eratives when administering tax exemption provisions. However, it has had difficulty doing so because of broad legislation which generally exempts all such cooperatives from paying taxes regardless of differences in their operations and activities, financial condition, size, or mix of consumers served. GAO recommends administrative changes so that IRS can more effectively enforce existing tax exemption provisions. More importantly, GAO recommends that the Con- gress, using GAO's suggested alternatives as a guide, adopt a tax treatment which bet- ter recognizes the changing operations and present day environment of many electric cooperatives and their continuing need for assistance. r~77 S ,GAO/GGD-83-7 0 JANUARY 5, 1983 qC-CouN

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