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Tribes Call for End to IRS Limits on Debt
Wednesday, July 23, 2008
Filed Under: Business | Politics

INDIANZ.COM LISTENING LOUNGE Senate Finance Committee hearing on Indian Governments and the Tax Code: Maximizing Tax Incentives for Economic Development. July 22, 2008. • Opening Statements • Testimony | Q&A • Written Testimony | Webcast

The Senate Finance Committee held a hearing on Tuesday to address tax policy in Indian Country.

Witnesses said tribes are not treated in a consistent manner by the Internal Revenue Service. They called on Congress to ensure tribes enjoy the same tax benefits as other governments.

The biggest issue is tax-exempt bonds. Tribes are being told they cannot offer bonds for golf courses and hotels while municipal governments are fee to act without IRS scrutiny.

Lawmakers have introduced bills to put tribes on a level playing field but none have passed.

Get the Story:
Tribes Call for End to IRS Limits on Debt (The Bond Buyer 7/23)

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