Native American Tax Parity and Relief Act of 2022

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Status In Committee
Sponsor Catherine Cortez Masto
Citation 117-S-5048
Actions 2
Introduced Sep 29th, 2022
Cosponsors
2
Last Action Sep 29th, 2022
Policy Area
Introduced Senate Sep 29
Senate
House
President
Enacted

Summary

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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.

Actions

2
Senate
INTRODUCED
INTRODUCED
Sep 29, 2022
ON FLOOR
REFERRED TO COMMITTEE
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