Recent legislative discussions concerning tax reform have included the potential elimination of several federal provisions long considered sacred to state and local governments and untouchable by federal policymakers. Those...more
3/26/2013 - Barack Obama Itemized Deductions Municipal Bonds State and Local Government Tax Exemptions Tax Reform Tribal Governments
On December 5, 2012, the Internal Revenue Service proposed a revenue procedure that would address the general welfare exclusion from gross income as it applies to tribal government programs. It would also offer a safe harbor...more
12/6/2012 - General Welfare Exclusion IRS Tribal Government Programs
On September 6, 2012, the Internal Revenue Service (IRS) issued Notice 2012-60, which addresses the federal income tax treatment of per capita payments made from the proceeds of settlements of certain Indian tribal trust...more
9/17/2012 - Indian Tribal Trusts IRS
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