3.0.0 1698 2023-01-11T13:38:48Z 2023-01-11T13:38:48Z Senate S 2017-08-01 115 ssfi00 Finance Committee Senate Standing Referred to 2017-08-01T21:53:21Z Settlement Trust Improvement Act of 2017 115 3524 HR 2017-08-14 Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. 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 2017-08-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK N S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2017-08-01 True Taxation Alaska Natives and Hawaiians Income tax deductions Income tax exclusion Indian claims Taxation 00 2017-08-01 Introduced in Senate 2018-01-04T15:58:45Z 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 Short Titles as Introduced Settlement Trust Improvement Act of 2017 Official Title as Introduced A bill 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 Senate 2017-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1698is/xml/BILLS-115s1698is.xml 2017-08-01 Read twice and referred to the Committee on Finance. 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.