indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Sovereignty and E-Commerce:  Innovating and Reshaping the  Borders of Indian Country - Arizona State University Third Annual Tribal Government E-Commerce CLE Conference
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:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Secretary Zinke confirms role in talking to tribes about border wall (3/29)
Senate Committee on Indian Affairs approves five bills at meeting (3/29)
Native Sun News Today: City aims to keep Native homeless safe (3/29)
Elizabeth Cook-Lynn: Indians still don't matter in South Dakota (3/29)
Ray Cook: Unity lost after #NoDAPL camps close in North Dakota (3/29)
Northern Cheyenne Tribe sues Interior Department for coal policy (3/29)
Blackfeet Nation students enjoy surprise visit by Michelle Obama (3/29)
Coalition to Stop Violence Against Native Women hosts summit (3/29)
Cherokee Nation donates a record $5M to public school districts (3/29)
Authorities investigate remains uncovered on Crow Reservation (3/29)
Little River Band breaks ground on $170M housing development (3/29)
Mohegan Tribe enters partnership with celebrity barbecue chef (3/29)
Judge holds UPS liable for transporting Indian tobacco products (3/29)
Airline pays $1.3M to compensate tribe for plane crash in Brazil (3/29)
Choctaw Nation opens doors to travel center and gaming facility (3/29)
Non-Indian casino in Massachusetts hits construction milestone (3/29)
Trump boasts about approvals for Dakota Access and Keystone XL (3/28)
Standing Rock Sioux Tribe acknowledges 'setback' in pipeline war (3/28)
Cheyenne River Sioux Tribe continues to battle pipeline in court (3/28)
Judge orders removal of gas pipeline on Indian land in Oklahoma (3/28)
Stockbridge-Munsee leader delivers tribal address in Wisconsin (3/28)
Doug George-Kanentiio: Peacemaking in the era of Donald Trump (3/28)
Native Sun News Today: Trump purge fails to affect South Dakota (3/28)
Victor Swallow: When the Air Force bomber crashed at Pine Ridge (3/28)
Charles Kader: Courts close their doors to unrecognized groups (3/28)
Whiteclay liquor licenses under review amid outcry in Nebraska (3/28)
Cowlitz Tribe brings Michael Jordan's Steakhouse to new casino (3/28)
Sycuan Band starts work on $226M expansion of gaming facility (3/28)
Seminole Tribe accuses state of breaking gaming compact again (3/28)
Colville Tribes hail 'historic victory' on aboriginal hunting rights (3/27)
Dakota Access confirms pipeline about to go into service with oil (3/27)
Senate Committee on Indian Affairs considers new round of bills (3/27)
Witness list for hearing on diabetes prevention and Native youth (3/27)
Tim Giago: There's a smell of treason in the air in nation's capital (3/27)
Mark Trahant: The fight ahead for the future of Indian health care (3/27)
Bill John Baker: Woman play important roles in Cherokee Nation (3/27)
Brian Lightfoot Brown: One last victory for the Narragansett Tribe (3/27)
Native Sun News Today: Oglala Sioux Tribe questions loss of funds (3/27)
James Giago Davies: Troubled times are coming to Lakota country (3/27)
Sarah Van Gelder: Huge bank divests from Dakota Access Pipeline (3/27)
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.