Indian Reservation Economic Investment Act of 2001 - Amends the Internal Revenue Code to allow an Indian reservation investment credit based on specified amounts. Includes qualified personal property and qualified real property used or located outside an Indian reservation which is connected to existing tribal infrastructure in the reservation, including roads, power lines, water systems, railroad spurs, and communication facilities as a reservation infrastructure investment. Limits the credit based on the Indian unemployment rate. Provides for recapture of the credit in certain cases.
Actions
Mar 15, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2412-2414)
Mar 15, 2001
Sponsor introductory remarks on measure. (CR S2412)