REMCs Denied Tax Break Claim by REMC Leader
A. D. Mueller of Indiana Statewide Rural Electric Cooperative states REMCs do not receive tax favoritism. John Satterfield, ABA president, asserts patronage refunds are deductible for all businesses. Satterfield cites a Harvard Business Review article explaining cooperative operations need not create taxable net income.
MENTIONED IN THIS ARTICLE
REMC
Indiana
Remcs
A. D. Mueller
Statewide Rural Electric Cooperative, Inc
John C. Satterfield
American Bar Association
Mueller
Satterfield
National Council of Farmer Cooperatives
New Orleans
United States
Busi
Joseph G. Knapp
Farmer Cooperative Service
United States Department of Agriculture
Harvard Business Review
Walk on the Left Facing Traffic Poster Warns Pedestrians
Hoosier Motor Club promotes walking on the left facing traffic after noting 20 percent of rural pedestrian deaths occur when walkers face oncoming cars. AAA poster titled Walk on the Left Facing Traffic is distributed to schools, originating from the American Automobile Association contest winner.
MENTIONED IN THIS ARTICLE
AAA
Hoosier Motor Club
AAA Club
American Automobile Association
AAA Motor Clubs
Cooperative tax status debated by ABA leader
The discussion centers on whether cooperatives like REMCs gain tax advantages not available to other entities. Mueller notes REMCs pay all other business taxes while not owing federal income tax due to non profit status. Satterfield argues profits belong to patrons and that margins between patron receipts and costs are not corporate income subject to tax.
MENTIONED IN THIS ARTICLE
Mueller
Remcs
Drowning Death of Lloyd Jones at Big Blue River
Ten year old Lloyd Jones died Sunday morning in a drowning accident in the Big Blue River north of Carthage near the railroad bridge. He was trying to free a fishing line when he lost balance and went into seven feet of water. Teammates William Conley and Charles Gulley were with him.
MENTIONED IN THIS ARTICLE
Lloyd Jones
Norman Jones
Big Blue River
Carthage
Jones
William Conley
Charles Gulley
Phyllis Cline
James Neal
Shirley Smith
Richard Weidner
Suzanne Bramel
Carol Ewing
Mary Shutt
Cooperative margins taxed as patron stock not coop income
Mr Satterfield argues margins belong to patron-stockholders and cannot be taxed to the cooperative as income. He contrasts them with profits of a conventional business and says cooperatives support free enterprise, a claim echoed by Indiana REMCs General Manager Mueller.
MENTIONED IN THIS ARTICLE
Satterfield
United States
Mueller
Indiana
REC
Remcs
America
Whooping cough stages and protection in early childhood
The article explains whooping cough progression from cold-like catarrh to paroxysmal coughing lasting weeks, and the third stage as the infection declines. It notes transmission by droplets, high mortality in children under three, and that infants receive simultaneous diphtheria-tetanus vaccination to reduce cases.
Alumni Banquet Music By John V Gates At Morristown
John V Gates to furnish music for the Alumni Banquet set for Saturday night in Morristown. Lloyd Lang left his barber shop duties to work in Indianapolis. Walnut Ridge School closed last Friday with Eleanor Henley likely remaining this summer and Richardson returning to Cloverdale. Winona Newsom nominated by Congressman Elliott for Carthage postmistress. Newsom led Rushville Civil Service exams with Griffin second and Coffin third. Griffin to relinquish postmaster role May 20.
MENTIONED IN THIS ARTICLE
John V. Gates
Morristown
Lloyd Lang
Parish Bros
Indianapolis
Walnut Ridge
Eleanor Henley
Richardson
Cloverdale
Winona Newsom
Richard N. Elliott
Carthage
Miss Newsom
Rushville
Otto C. Griffin
Enos Coffin
Mr. Griffin
Also Mentioned on This Page
Indiana Republican Editorial Association
Kenneth Rhodes
Martha Jane Rhodes
Federal Land Bank Loans
Land Bank Association
Morgan
WM. F. Smith
Sec
Treas
H & H Floor Covering of
Indiana, Inc
West Main Street
D. G. Hunter
Greenfield, Indiana
The
Chevrolet
Corvair
CHEVY
Hunsinger
Mays, Indiana
Jenny Foust
Nancy Marsh
Phyllis Hall
Millie Gray
Sue Ann Land
Keturah Miles
Caroline Miles
Round Barn Farm
Carl Foust
Howard Henley
Foster Wilson
Barbara Ann
Charles O. White
J. Butler Hill
N. Walnut St
Anita Kay
Robert Moore
Knightstown
Carlos Brooks
Anita
George B. Moore
Dinnie B. Moore
Oliver S. Earnest
Louisa G. Earnest
Ripley Township
Merrill Magee
Thomas Newsom
Rose Hill
Walter Chonau
Zelma Bayliss
Fred Jessup
Ruth Miller
al McDaniel
Myra
Rue
Cincinnati
Pnly Tre
Indiana State Medical Association
Harrison ST
Michigan Blvd
Congress St
Brive
Chicago
Carthage Hardware
Cal
Bausback
Bush Circuit Court
Myrl Mann
William E. Mann
Ernest Creech
Earnest & Foster
William Harold Dixon
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!