[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1337 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1337

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


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                   IN THE SENATE OF THE UNITED STATES

                              July 7, 2011

  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.

    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.
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