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Native American Tax Parity and Relief Act of 2022

USA117th CongressS-5048| Senate 
| Updated: 9/29/2022
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (2)
Brian Schatz (Democratic)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Native American Tax Parity and Relief Act of 2022 This bill makes changes to the Internal Revenue Code to treat Indian tribal governments in the same manner as their state counterparts for tax purposes. Among other changes, the bill treats Indian tribes as states for purposes of the issuance of tax-exempt bonds, equalizes the tax treatment of charities funded by Indian tribal governments, enhances the ability of tribal governments to enforce child support orders, expands the special-needs adoption tax credit to apply to adoptions ratified by a tribal court, designates certain Indian areas as difficult development areas for purposes of the low-income housing tax credit, increases the amount of wages and benefits taken into account for purposes of determining the Indian employment tax credit, and creates an annual $175 million New Markets Tax Credit for low-income tribal communities and for projects that serve or employ Tribe members.
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Timeline
Sep 29, 2022
Introduced in Senate
Sep 29, 2022
Read twice and referred to the Committee on Finance.
  • September 29, 2022
    Introduced in Senate


  • September 29, 2022
    Read twice and referred to the Committee on Finance.

Taxation

Native American Tax Parity and Relief Act of 2022

USA117th CongressS-5048| Senate 
| Updated: 9/29/2022
Native American Tax Parity and Relief Act of 2022 This bill makes changes to the Internal Revenue Code to treat Indian tribal governments in the same manner as their state counterparts for tax purposes. Among other changes, the bill treats Indian tribes as states for purposes of the issuance of tax-exempt bonds, equalizes the tax treatment of charities funded by Indian tribal governments, enhances the ability of tribal governments to enforce child support orders, expands the special-needs adoption tax credit to apply to adoptions ratified by a tribal court, designates certain Indian areas as difficult development areas for purposes of the low-income housing tax credit, increases the amount of wages and benefits taken into account for purposes of determining the Indian employment tax credit, and creates an annual $175 million New Markets Tax Credit for low-income tribal communities and for projects that serve or employ Tribe members.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 29, 2022
Introduced in Senate
Sep 29, 2022
Read twice and referred to the Committee on Finance.
  • September 29, 2022
    Introduced in Senate


  • September 29, 2022
    Read twice and referred to the Committee on Finance.
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Cosponsors (2)
Brian Schatz (Democratic)Ron Wyden (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted