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Permanent Tax Rule for Businesses on Indian Reservations

This bill makes a tax rule permanent for businesses operating mainly on Indian reservations. It allows them to continue using a specific method to deduct the cost of their property over time, which can encourage investment and economic growth in these areas.
Key points
Makes a tax rule for property depreciation on Indian reservations permanent.
Applies to property put into use after December 31, 2021.
Aims to support economic activity on reservations by providing tax certainty for businesses.
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Status:
Expired
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Additional Information
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Print number: S 1149
Sponsor: Sen. Inhofe, James M. [R-OK]
Process start date: 2021-04-15
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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Summary & Status

Key Questions about Permanent Tax Rule for Businesses on Indian Reservations

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 1149.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • Makes a tax rule for property depreciation on Indian reservations permanent.
  • Applies to property put into use after December 31, 2021.
  • Aims to support economic activity on reservations by providing tax certainty for businesses.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Inhofe, James M. [R-OK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 1149

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Economy