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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
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115-hr-3524115th Congress
Settlement Trust Improvement Act of 2017
Sponsored By: Representative Young, Don [R-AK-At Large]
Unknown
Summary
Settlement Trust Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the tax treatment of Alaska Native Settlement Trusts, to: (1) allow an Alaska Native Corporation to assign certain payments referenced in the Alaska Native Claims Settlement Act to a trust without including the payments in the gross income of the corporation, (2) allow the corporation to elect annually to deduct contributions made to a trust, (3) allow a trust to elect to defer the recognition of gains related to contributions of property other than cash until the sale or exchange of the property, and (4) establish information reporting requirements for deductible contributions to a trust.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Young, Don [R-AK-At Large]
AK • R
Cosponsors
Rep. Latta, Robert E. [R-OH-5]
OH • R
Sponsored 7/27/2017
Rep. Loebsack, David [D-IA-2]
IA • D
Sponsored 7/27/2017
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov