Tribal Tax and Investment Reform Act of 2017
Latest action · Oct 5, 2017 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedOct 5, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Tribal Tax and Investment Reform Act of 2017
This bill amends the Internal Revenue Code (IRC) to include Indian tribal governments in an annual allocation of a national tax-exempt bond volume cap. The bill repeals provisions that limit an Indian tribal government's eligibility to issue tax-exempt bonds or to be exempt from specified excise taxes to transactions involving the exercise of an essential government function customarily performed by state and local governments.
The bill amends the IRC and the Employee Retirement Income Security Act of 1974 (ERISA) to treat employee benefit or pension plans maintained by Indian tribes and domestic relations orders issued pursuant to tribal law in the same manner as plans maintained by states and domestic relations orders issued pursuant to state law.
The bill treats tribal charities and foundations in the same manner as charities and foundations funded and controlled by other governmental entities for purposes of the tax-exempt status of, and deduction for contributions to, such organizations.
The bill amends the Social Security Act to give Indian tribes or tribal organizations access to the Federal Parent Locator Service if they are eligible for a grant to operate a child support enforcement program. It makes those tribes and tribal organizations eligible to participate in the program that collects past-due support from individual tax refunds.
An Indian tribal government may determine whether a child has special needs for the purpose of the tax credit for the adoption of a child with special needs.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 10, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MT | Steve Daines | Apr 10, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Oct 5, 2017 |
Actions 2
Everything that happened, newest first.
- Oct 5, 2017Introduced in Senate
- Oct 5, 2017Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 115-254 | BUILDING TRIBAL ECONOMIES: MODERNIZING TAX POLICIES THAT WORK FOR INDIAN COUNTRY69 pages | Indian Affairs Committee | Nov 1, 2017 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3138 | Tribal Tax and Investment Reform Act of 2017 | Identical bill | Jun 29, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to treat Indian tribal governments in the same manner as State governments for certain Federal tax purposes, and for other purposes.
- Short Titles as Introduced
- Tribal Tax and Investment Reform Act of 2017
Subjects
Assigned by the Library of Congress. Policy area: Native Americans.
- Adoption and foster care
- Charitable contributions
- Government employee pay, benefits, personnel management
- Government information and archives
- Income tax credits
- Income tax deductions
- Income tax exclusion
- Indian social and development programs
- Native Americans
- Sales and excise taxes
- Securities
- Separation, divorce, custody, support
- Social work, volunteer service, charitable organizations
- State and local finance
- Tax administration and collection, taxpayers
- Tax-exempt organizations
Text 1
Each version as it was printed, newest first.
- Oct 5, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
