The U.S. Department of the Treasury and IRS on May 31, 2023, released a Notice of Proposed Rulemaking (NPRM) regarding the low-income community bonus credit under Section 48 of the Internal Revenue Code. The NPRM requests...more
In support of transitioning to clean energy and combating climate change, Congress enacted the Inflation Reduction Act (IRA) (Pub. L. 117-169) to extend, modify and enhance many existing tax incentives, create new tax...more
12/14/2022
/ Block Grants ,
Climate Change ,
Coastal Real Estate ,
Energy Efficiency ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Environmental Justice ,
Farm Bill ,
Federal Grants ,
Forestry ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Native American Issues ,
Renewable Energy ,
Tax Credits ,
Tax Incentives ,
Tribal Governments ,
Tribal Lands
In existence since 2000, the federal New Markets Tax Credit (NMTC) incentive has provided gap financing and infusions of cash in economically distressed communities for more than two decades. However, the amount of NMTC funds...more
5/13/2022
/ CDFI Fund ,
Community Development ,
Community Development Financial Institution (CDFI) ,
Internal Revenue Code (IRC) ,
LIHTC ,
Low-Income Issues ,
Native American Issues ,
New Market Tax Credits ,
Opportunity Zones ,
Tax Credits ,
Tribal Economic Development Projects ,
Tribal Lands
The Federal Communications Commission (FCC) published its Final Rule on Feb. 14, 2022, governing the Affordable Connectivity Fund (ACF), formerly known as the Emergency Broadband Benefit Program (EBB), a new long-term program...more
The House Ways and Means Subcommittee on Select Revenue Measures, under the leadership of Chairman Mike Thompson (D-Calif.), held a hearing, "Examining the Impact of the Tax Code on Native American Tribes." It was the...more
• President Donald Trump on Dec. 22, 2017, signed the Tax Cuts and Jobs Act, the first major overhaul of the U.S. tax system in over 30 years.
• Although few of the enacted provisions are specific to Indian Country, several...more
2/26/2018
/ Affordable Care Act ,
General Welfare Exclusion ,
Grantor Trusts ,
Health Insurance ,
Homeowners ,
Income Taxes ,
Indian Gaming ,
Indian Health Service (IHS) ,
Indian Tribal Trusts ,
Internal Revenue Code (IRC) ,
IRS ,
Minors ,
Native American Issues ,
Property Tax ,
Restructuring ,
Safe Harbors ,
SALT ,
State Taxes ,
Tax Audits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Incentives ,
Tax Rates ,
Tax Reform ,
Taxable Distributions ,
Tribal Governments ,
Tribal Lands ,
Trump Administration
Indian country may be close to another victory against state and local taxes. On Feb. 8, 2016, a California district court issued an order that signals it is likely to invalidate Riverside County's imposition of a possessory...more