[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2320 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2320

   To amend the Internal Revenue Code of 1986 to permanently extend 
  existing elective tax treatment for Alaska Native Settlement Trusts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 2011

 Mr. Young of Alaska introduced the following bill; which was referred 
                   to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to permanently extend 
  existing elective tax treatment for Alaska Native Settlement Trusts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.
                                 <all>