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URGENT: Calls Needed Today on Tribal Tax Amendments

November 13, 2017

Support Indian Country in Tax Reform

Tax reform is progressing with new urgency. The Senate Finance Committee introduced amendments during the mark up of the Senate’s tax reform bill recently that will impact not only taxpayers but some of the ways in which tribal governments operate. 

 

NAFOA has been active in reaching out to congressional leadership. Still, we need your help. We urge Indian Country to call the Senate Finance Committee members today to make sure the following amendments are included in tax reform.

 

The amendments to Chairman Orrin Hatch’s (R-UT) mark of the Senate's Tax Cuts and Jobs Act bill include the following provisions:

  • #9 Permanent Accelerated Depreciation on Indian Reservations: Would make permanent the provision for Accelerated depreciation for business property on an Indian reservation (sec. 168(j)).
  • #17 S. 548, the Affordable Housing Credit Improvement Act of 2017: Makes improvements to the Low-Income Housing Tax Credit Program.
  • #20 S. 1935, Tribal Tax and Investment Reform Act of 2017: Amendment would specify the treatment of Indian Tribes as States with Respect to Bond Issuance, modify the treatment of pension and employee benefit plans maintained by Tribal Government, modify the treatment of Tribal Foundations and charities, improve the effectiveness of Tribal child support enforcement agencies, and recognize Indian Tribal governments for purposes of determining under the adoption tax credit whether a child has special needs.
  • #21 S. 2012, Tribal Economic Assistance Act of 2017: Amendment would repeal the essential government function test for Indian Tribal governments with respect to issuance of tax-exempt bonds, make permanent accelerated depreciation business property on an Indian reservation and the Indian Employment Tax Credit, modify the New Markets Tax Credit Program, and create Tribal School Construction Bonding Accounts.

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