Before adjourning for the year, the House and Senate approved a bill to extend tax breaks for businesses that hire Native Americans.

The credits apply to businesses located on Indian lands or former reservations. According to The Tulsa World, two-thirds of the state qualifies.

One provision applies to new businesses while another applies to Indian employees. They have been extended until December 2007.

Get the Story:
House OKs incentives for use of Indian land (The Tulsa World 12/9)
Senate revives expired tax breaks vital to Oklahoma (The Tulsa World 12/10)

Internal Revenue Code, Title 26:
SUBPART D--BUSINESS RELATED CREDITS [For Section 45A] | PART VI--ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS [For Section 168j]

Former Reservations in Oklahoma:
Notice 98-45 (Internal Revenue Service)

Related Stories:
Indian employment tax credits excluded from bill (05/19)
Bill extends Indian employment tax credit (12/12)