U.S. Department of the Treasury Issues Proposed Guidance to Clarify Wholly-Owned Tribally Chartered Entities Are Not Subject to Income Tax and Expand Tribal Access to Clean Energy Tax Credits
October 07, 2024
October 07, 2024
WASHINGTON, Oct. 7 -- The U.S. Department of the Treasury issued the following news release:
Proposed rules describe that Tribally chartered entities have same federal tax status as their owning Tribes and clarify Tribal eligibility for elective pay to access Inflation Reduction Act tax credits
Today, the U.S. Department of the Treasury and the IRS issued a Notice of Proposed Rulemaking (NPRM) clarifying that wholly-owned Tribal entities chartered or organized by one or . . .
Proposed rules describe that Tribally chartered entities have same federal tax status as their owning Tribes and clarify Tribal eligibility for elective pay to access Inflation Reduction Act tax credits
Today, the U.S. Department of the Treasury and the IRS issued a Notice of Proposed Rulemaking (NPRM) clarifying that wholly-owned Tribal entities chartered or organized by one or . . .