II 111th CONGRESS 1st Session S. 798 IN THE SENATE OF THE UNITED STATES April 2, 2009 Ms. Murkowski (for herself and Mr. Begich) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to permanently extend existing elective tax treatment for Alaska Native Settlement Trusts.

1.

Permanent extension of elective tax treatment for Alaska Native Settlement Trusts

(a)

In general

Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 (relating to sunset provisions) shall not apply to the provisions of, and amendments made by, section 671 of such Act (relating to tax treatment and information requirements of Alaska Native Settlement Trusts). (b)

Effective date

The amendments made by this section shall be effective upon the date of enactment of this Act.