Tax Parity for Indian Tribes: New Opportunities and Relief.
This act aims to equalize the tax status of Indian tribal governments with state governments, making it easier for them to secure funding for infrastructure and social programs. These changes will impact tribal finances, their ability to provide services, and the daily lives of their members through new tax benefits and support.
Key points
Indian tribes will be able to issue tax-exempt bonds similarly to states, facilitating funding for development projects.
Charities substantially funded by Indian tribal governments will be treated like those funded by state governments, potentially increasing their operational capacity.
Tribal child support agencies will gain better access to federal tools for collecting child support, aiding in enforcement.
Expanded employment tax credits for businesses in Indian areas and increased the employment tax credit limit.
Improved access to New Markets Tax Credits for tribal statistical areas, supporting economic development.
Indian general welfare benefits will not be counted as income for certain federal program eligibility, potentially improving beneficiaries' financial situations.
Expired
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