US HB4943 | 2015-2016 | 114th Congress

US Congress House Bill 4943 (Prior Session Legislation)

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on April 14 2016 - 25% progression, died in committee
Action: 2016-09-19 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Pending: House Subcommittee on Health, Employment, Labor, and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Tribal Tax and Investment Reform Act of 2016 This bill amends the Internal Revenue Code (IRC) to include Indian tribal governments in an annual allocation of a national tax-exempt bond volume cap. The bill repeals provisions that limit an Indian tribal government's eligibility to issue tax-exempt bonds or to be exempt from specified excise taxes to transactions involving the exercise of an essential government function customarily performed by state and local governments. The bill amends the IRC and the Employee Retirement Income Security Act of 1974 (ERISA) to treat employee benefit or pension plans maintained by Indian tribes and domestic relations orders issued pursuant to tribal law in the same manner as plans maintained by states and domestic relations orders issued pursuant to state law. The bill treats tribal charities and foundations in the same manner as charities and foundations funded and controlled by other governmental entities for purposes of the tax-exempt status of, and deduction for contributions to, such organizations. The bill amends the Social Security Act to give Indian tribes or tribal organizations access to the Federal Parent Locator Service if they are eligible for a grant to operate a child support enforcement program. It makes those tribes and tribal organizations eligible to participate in the program that collects past-due support from individual tax refunds. An Indian tribal government may determine whether a child has special needs for the purpose of the tax credit for the adoption of a child with special needs.

Title

Tribal Tax and Investment Reform Act of 2016

History

Date	Chamber	Action
2016-09-19	House	Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
2016-04-14	House	Referred to House Education and the Workforce
2016-04-14	House	Referred to House Ways and Means
2016-04-14	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2016-04-14	House	Introduced in House

Same As/Similar To

HB1542 (Related) 2015-04-07 - Referred to the Subcommittee on Health.
SB835 (Related) 2015-03-23 - Read twice and referred to the Committee on Finance.