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
News
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 more Tribes have the same tax status of their owning Tribes. This means that...