Tribes Call for End to IRS Limits on Debt
Senate Finance Committee hearing on Indian Governments and the Tax Code: Maximizing Tax Incentives for Economic Development. July 22, 2008.

Opening Statements

Testimony | Q&A

Written Testimony | Webcast
The Senate Finance Committee held a hearing on Tuesday to address tax policy in Indian Country.

Witnesses said tribes are not treated in a consistent manner by the Internal Revenue Service. They called on Congress to ensure tribes enjoy the same tax benefits as other governments.

The biggest issue is tax-exempt bonds. Tribes are being told they cannot offer bonds for golf courses and hotels while municipal governments are fee to act without IRS scrutiny.

Lawmakers have introduced bills to put tribes on a level playing field but none have passed.

Get the Story:
Tribes Call for End to IRS Limits on Debt (The Bond Buyer 7/23)

Related Stories:
Senate Finance hearing on Indian tax policy (7/22)
IRS ruling on tax-exempt bonds being challenged (7/17)
Memo warned IRS against going after tribes (11/7)
Per capita payments under tribal, federal scrutiny (09/26)
IRS rules against second tribe in tax bond dispute (4/13)
IRS cites problems with use of tribal gaming revenues (4/6)
Cities under scrutiny as IRS probes tribal tax bonds (03/15)
IRS claims casinos, hotels not governmental projects (01/20)
IRS targets tribal tax-exempt bond financing deals (12/7)
Tribal tax-exempt bond bill pushed in California (08/05)