A bill to amend the Internal Revenue Code of 1954 to expand and make permanent the purposes for which Indian tribal governments are treated as States under such Code.
Indian Tribal Governmental Tax Status Amendments of 1984 - Amends the Internal Revenue Code to treat an Indian tribal government as a State for purposes of: (1) credit for contributions to candidates for public office; (2) excluding from gross income amounts received from a sickness and disability fund; (3) exclusion of scholarship and fellowship grants; (4) the business expenses deduction relating to appearances with respect to legislation; (5) taxation of contributions of certain employers for employee annuities; (6) discount obligations issued by tribal governments; (7) credits and deductions for tribal death taxes for purposes of determining Federal estate tax liability; and (8) arrangements for Federal collection of tribal income taxes.
Authorizes Indian tribal governments to issue tax-exempt industrial development bonds if substantially all the proceeds of the issue are used with respect to facilities located on a reservation. Authorizes Indian tribal governments to issue mortgage subsidy bonds. Permits the issuance of tax-exempt bonds the proceeds of which are to be used for utility-type activities. Limits the amount of an industrial development bond or mortgage bond issue to $7,500,000 per tribe.
Extends permanently the provisions of the Indian Tribal Governmental Tax Status Act of 1982.
Became Public Law No: 98-369.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
See H.R.4170.
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