[Congressional Record Volume 161, Number 76 (Monday, May 18, 2015)]
[Senate]
[Page S2973]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. DAINES (for himself, Mr. Barrasso, Mr. Tester, Mr. Moran,
and Ms. Heitkamp):
S. 1361. A bill to amend the Internal Revenue Code of 1986 to extend
and improve the Indian coal production tax credit; to the Committee on
Finance.
Mr. DAINES. Mr. President, this year marks the 10-year anniversary of
the Indian coal production tax credit. This is a crucial tax incentive
that levels the playing field for the future development of tribal coal
resources that are currently subject to more regulatory requirements
than comparable development on private, State or Federal land. The
credit protects the economic viability of existing tribal coal mining
projects which support much needed tribal jobs and provide a major
source of non-Federal revenue for coal-producing tribes.
Over the past 10 years, the Indian production coal tax credit has
proven to be an essential tool in the work of Montana tribes to achieve
self-sufficiency, increase economic opportunity, and create good-paying
jobs for tribal members. It also has had a significant impact on
Montana's economy as a whole.
In fact, in the State of Montana, the Crow tribe relies on coal
production for good-paying jobs and as much as two-thirds of the Crow
Nation's annual non-Federal budget, partially funding Crow elder
programs, higher education for tribal youth, and other essential
services for the Crow's 13,000 enrolled members.
Current unemployment on the Crow reservation is 47 percent. It would
be over 80 percent if it weren't for the coal jobs. In fact, just last
month, I chaired the first ever energy and jobs Senate field hearing on
the Crow reservation back in Montana. I heard firsthand how the tax
credit is creating economic opportunities for members of the Crow
tribe. Yet the current nature of annual reauthorization has resulted in
unnecessary uncertainty.
The Crow tribe, as well as all who rely on the Indian coal production
tax credit, deserve a long-term solution that provides them with the
support and certainty they desperately need. In fact, at last month's
hearing, Crow chairman Darrin Old Coyote testified, ``There are a few
federal tax incentives that encourage investment and development in
Indian country, but their utility is diminished by their short-term
nature.''
For those who have spent time on the Crow reservation and throughout
Southeastern Montana, the economic benefits are most evident. The
Indian coal production tax credit has served as a catalyst for creating
jobs and fostering tribal self-determination.
In fact, the Harvard Project on American Indian Economic Development
recently published a study of preliminary findings which analyzed the
economic effects of this tax provision. The study found that the Indian
coal production tax credit contributed 1,600 jobs across Montana and
generated $107 million in royalties and tax revenue for the Crow tribe
in 2013 alone. In addition, the tax credit stimulates $95 million in
wages for the State of Montana. The Indian coal production tax credit,
which expired at the end of 2014 after a 1-year extension, continues to
serve the Crow tribe as an effective mechanism for economic
development. However, it is a constant source of angst due to
Congress's unwillingness to adopt an extension of this provision.
The benefits of this tax credit are evident on tribal lands,
especially in Montana. In fact, displayed prominently in my Washington,
DC, office is a note from Crow chairman Old Coyote's daughter Evelyn. I
have it framed in my office. She wrote: ``Please keep the coal tax
credit going to help me and other Crow kids have a brighter future.''
A permanent extension provides much needed certainty to invest in
large-scale energy production projects and provides a path forward for
the long-term prosperity of our tribal nations.
Today, I am introducing much needed legislation that addresses the
problem and gives our tribes certainty. I appreciate my colleague
Montana Senator Jon Tester for joining me in this important effort. I
wish to thank Montana Representative Ryan Zinke for introducing a
companion bill in the House of Representatives. I also wish to thank
the bipartisan Senate team that includes Senators Barrasso, Moran, and
Heitkamp for sponsoring this bill. Together, we will continue to
advance this legislation for the betterment of Native American tribes.
While there is still more to be done to better serve our tribes, the
permanent extension of the Indian coal production tax credit is a good
start. I believe this vital piece of legislation will continue to bring
more good-paying jobs to Montana and to our Nation, and I strongly urge
my colleagues in the Senate to support it.
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