3.0.0 3524 2023-01-11T13:37:16Z 2023-01-11T13:37:16Z House HR 2017-07-27 115 [Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. YOUNG of Alaska:H.R. 3524.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3 and Article 1, Section 8,Clause 1[Page H6520]]]> hsii00 Natural Resources Committee House Standing hsii24 Indian and Insular Affairs Subcommittee Referred to 2017-08-14T16:41:06Z Referred to 2017-07-27T14:07:50Z hswm00 Ways and Means Committee House Standing Referred to 2017-07-27T14:07:45Z Settlement Trust Improvement Act of 2017 115 1698 S 2017-08-01 Read twice and referred to the Committee on Finance. Identical bill CRS An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. 115 1 S 2017-11-28 Placed on Senate Legislative Calendar under General Orders. Calendar No. 269. Related bill CRS 2017-08-14 hsii24 Indian and Insular Affairs Subcommittee 1 House committee actions Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. Committee 2017-07-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2017-07-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-27 Introduced in House IntroReferral 1000 9 Library of Congress Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. N L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2017-07-27 True 2017-12-06 L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2017-07-27 True Taxation Alaska Natives and Hawaiians Income tax deductions Income tax exclusion Indian claims Taxation 00 2017-07-27 Introduced in House 2018-01-03T19:49:54Z Settlement Trust Improvement Act of 2017

This bill amends the Internal Revenue Code, with respect to the tax treatment of Alaska Native Settlement Trusts, to: (1) allow an Alaska Native Corporation to assign certain payments referenced in the Alaska Native Claims Settlement Act to a trust without including the payments in the gross income of the corporation, (2) allow the corporation to elect annually to deduct contributions made to a trust, (3) allow a trust to elect to defer the recognition of gains related to contributions of property other than cash until the sale or exchange of the property, and (4) establish information reporting requirements for deductible contributions to a trust.

]]> Settlement Trust Improvement Act of 2017 Display Title Settlement Trust Improvement Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to clarify the treatment of contributions to Alaska Native Settlement Trusts, and for other purposes. Introduced in House IH Short Titles as Introduced Settlement Trust Improvement Act of 2017 Introduced in House 2017-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3524ih/xml/BILLS-115hr3524ih.xml 2017-08-14 Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.