indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+
ph: 202 630 8439
Job Opening - Editor - Mandan, Hidatsa and Arikara Times
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
More than 70 tribes have completed trust fund settlements

Filed Under: Law | Trust
More on: irs, per caps, taxation
   


Hilary Tompkins, Solicitor at the Interior Department, speaks at tribal trust fund settlement announcement at the White House in April 2012. Photo from Indianz / Twitter

More than 70 tribes have reached trust fund settlements with the Obama administration, according to the latest list from the Internal Revenue Service.

The ball started rolling in April 2012, when the White House announced settlements with 41 tribes for a total of $1.023 billion.

The list has grown steadily since then. An IRS notice from December 2012 updated the number to 61.

An even newer notice, from May, puts the number at 72. The more recent settlements include ones for the Seminole Nation of Oklahoma, the Yakama Nation of Washington and Laguna Pueblo in New Mexico.

The Navajo Nation isn't on the list but the tribe recently agreed to a $554 million settlement. That means the Obama administration has finalized deals with 73 tribes, or nearly three-quarters of all the tribal lawsuits that were filed prior to a statute of limitations that expired in December 2006.

The IRS periodically updates the list because per capita payments made from tribal settlements are not subject to the federal income tax.

Relevant Documents:
Per Capita Payments from Proceeds of Settlements of Indian Tribal Trust Cases (May 2014)
Per Capita Payments from Proceeds of Settlements of Indian Tribal Trust Cases (December 2012)
Notice 2012-60: Per Capita Payments from Proceeds of Settlements of Indian Tribal Trust Cases (September 2012)

Related Stories:
Law Article: IRS issues guidance on taxation of tribal per caps (03/19)
IRS issues tax guidance on per capita payouts from trust funds (3/10)
IRS hosts phone forum on tax issues and recent settlements (06/11)
IRS official questioned about taxation of per capita payments (9/9)
More tribal trust fund settlements expected in coming weeks (09/20)
OST urges Indian beneficiaries to read IRS notice on per caps (09/12)
IRS affirms per capita payouts from trust settlements not taxable (9/6)
Social Security Administration issues ruling on trust payouts (08/23)
Expect more announcements for tribal trust fund settlements (3/1)


Copyright © Indianz.Com
More headlines...
Stay Connected:

Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Choctaw Nation Trial:
Former Choctaw Nation employee plans appeal in criminal case (11/24)
Choctaw Nation releases statement after guilty verdict in case (11/24)
Former Choctaw Nation employee found guilty after lengthy trial (11/24)
Trial on Choctaw Nation fraud winds down with final testimony (11/24)
Latest News:
Tim Giago: Cornflakes every Sunday at Indian boarding school (11/24)
Charles Trimble: A time to give thanks -- For whatever reason (11/24)
Mark Trahant: Incoming Alaska governor opens doors to tribes (11/24)
Native Sun News: Four from South Dakota win big at rodeo final (11/24)
Suzan Shown Harjo to receive Medal of Freedom at White House (11/24)
Bryan Brewer: Tribal communities need better Internet service (11/24)
Harold Monteau: Teach children about our positive tribal values (11/24)
Crystal Willcuts: Keystone XL Pipeline just makes the rich richer (11/24)
PBS: VAWA helps tribes go after non-Indian domestic offenders (11/24)
Sisseton Wahpeton Oyate in shock after shooting leaves 4 dead (11/24)
Otoe-Missouria Tribe defends online loan business amid scrutiny (11/24)
Chippewa Cree Tribe swears in chairman more than a year later (11/24)
Florida Supreme Court declines Miccosukee child custody case (11/24)
Mille Lacs Band grows economy with Oklahoma hotel purchase (11/24)
Editorial: BIA fails to resolve Cayuga Nation leadership dispute (11/24)
Faction of Chukchansi Tribe walks away from casino mediation (11/24)
Tribal casinos cancel Bill Cosby shows as allegations resurface (11/24)
Editorial: Poarch Creeks control their own destiny with gaming (11/24)
Editorial: Renew Class III gaming compact with Seminole Tribe (11/24)
Native Sun News: Oglala Sioux youth to join White House meet (11/21)
Obamas welcome youth from Standing Rock Sioux Tribe to DC (11/21)
House passes bill to address Grand Portage Band per capitas (11/21)
House Natural Resources Committee passes three tribal bills (11/21)
Chaske Spencer: Changing the narrative for our Native youth (11/21)
Winona LaDuke: No one believes in the 'black snake' pipeline (11/21)
Dina Gilio-Whitaker: Tax disparities remain in Indian Country (11/21)
ICT interview with DOI deputy secretary on Cobell buy-backs (11/21)
Oglala Sioux Tribe rounds up dogs after deadly attack on girl (11/21)
Leader of Navajo Nation signs bill for higher tax on junk food (11/21)
North Dakota tribe in negotiations for pipeline to curb flaring (11/21)
Saginaw Chippewa Tribe passes language to new generation (11/21)
Little Traverse Bay Bands swear in interim leader after recall (11/21)
Blog: Play-by-play of election controversy on Navajo Nation (11/21)
Column: Theories link Thanksgiving to 1637 Pequot massacre (11/21)
Editorial: Work with Burns Paiute Tribe on land-into-trust bid (11/21)
Ex-employee of Passamaquoddy Tribe admits to drug charge (11/21)
BIA publishes notice of Karuk Tribe Class III gaming compact (11/21)
Oklahoma reports drop in gaming exclusivity fees from tribes (11/21)
Pala Band gears up for official launch of Internet gaming site (11/21)
Native Sun News: Oglala Sioux woman shot and killed by police (11/20)
Mark Trahant: Lakota honor song wasn't out of place in Senate (11/20)
Dog attack blamed for death of eight-year-old girl at Pine Ridge (11/20)
DOI issues status report on Cobell land consolidation program (11/20)
Greg Grey Cloud explains Lakota honor song after Senate vote (11/20)
Steven Newcomb: Disestablishing the doctrines of domination (11/20)
Sen. Mark Begich: Moving forward for the first people of Alaska (11/20)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.