The Tribal Tax and Investment Reform Act of 2016 Webinar

About the Event:

NCAI is hosting a webinar “The Tribal Tax and Investment Reform Act of 2016” on HR 4943 to review this newly proposed legislation on August 4, 2016 at 2:00 p.m. EST, 11:00 a.m. PST.

NCAI is hosting a webinar "The Tribal Tax and Investment Reform Act of 2016" on HR 4943 to review this newly proposed legislation on August 4, 2016 at 2:00 p.m. EST, 11:00 a.m. PST.

HR 4943 seeks to amend the Internal Revenue Code in order to treat Indian tribal governments in the same manner as state governments for five federal tax purposes.

Read the NCAI Resolution in support of HR 4943 here.

Highlights of this bill include:

-Eliminate the "essential government function" classification for the issuance of Tribal tax-exempt bonds and apply the same Federal tax standars and requirements as states;

-Allow Tribes to operate a single and comprehensive government pension program for all Tribal employees similar to state government pension plans;

-Provide Tribal Foundations and Charities the same status as state foundations and charities;

-Provide Tribal child support enforcement agencies access to partent locator services and enforcement authority for past due obligations through the garnishment of Federal income tax returns; and

-Grant Tribal courts authority to make a determination of special needs in order to grant tax credits to adoptive parents on par with state courts.

NCAI Contact Information: Julian Nava, Staff Attorney, jnava@ncai.org