Dear USET/USET SPF Family,
The U.S. Department of the Treasury has issued a Dear Tribal Leader Letter announcing that it will host two Tribal consultations on the tax status of Tribally chartered corporations. This consultation is being held in response to Tribal governments requesting guidance on the tax status of Tribally chartered corporations during the November 2022 consultations on the Inflation Reduction Act (IRA). Currently, there is no guidance addressing the federal tax status of corporations chartered under Tribal law that may be wholly owned, majority owned, or jointly owned by a Tribal government.
Details regarding these upcoming Tribal consultations are as follows—
To view a list of Framing Questions, please view the Dear Tribal Leader Letter by clicking here. The deadline to submit comments is Friday, August 18, 2023
and can be sent to firstname.lastname@example.org.
For more information, please contact Brian Howard, USET SPF Senior Policy Analyst, at email@example.com.