A bill to provide for the use and distribution of funds awarded the Seminole Indians in a judgement of the Indian Claims Commission.

Provides for the use and distribution of funds awarded the Seminole Indians in a judgment of the Indian Claims Commission.

Directs the Secretary of the Interior to allocate 50 percent of such funds to the members of the Seminole Nation of Oklahoma who are Seminole by blood and the other 50 percent to the Seminole Indians of Florida.

Allocates specified amounts of the Oklahoma portion of such funds for per capita payments and for tribal and community social and economic programs.

Allocates the Florida portion of such funds among the Seminole Tribe of Florida, the Miccosukee Tribe of Indians of Florida, and the unaffiliated Seminoles of Florida. Sets forth procedures by which such allocations are to be distributed for per capita payments and/or tribal and community social and economic programs.

Exempts funds distributed or made available by this Act from Federal, State, or local income taxes or from determining eligibility under assistance programs.