To amend the Internal Revenue Code of 1986 to provide tax credits for Indian investment and employment, and for other purposes.
Indian Reservation Jobs and Investment Act of 1997 - 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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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