Indianz.Com > News > NAFOA: 5 Things You Need to Know this Week (January 21, 2025)
NAFOA
NAFOA Member Tribes exclusively participated last week in the IRS Public Hearing on Tribal General Welfare Benefits, held in Washington, D.C. on January 13, 2025. Pictured: Chairman Manuel Heart of the Ute Mountain Ute Tribe, left, with NAFOA Executive Director Cory Blankenship. Photo courtesy NAFOA
5 Things You Need to Know this Week
Your latest news on tribal finance and economic development.
Tuesday, January 21, 2025
Source: NAFOA

1. URGENT:
Comments on Tax Status of Tribally Chartered Corporations due TODAY, January 21
We urge Tribes to actively participate, as your involvement is crucial to realizing the full benefits of these changes for Indian Country

The deadline for Tribal consultation comments on the Dear Tribal Leader Letter on the Notice of Proposed Rulemaking entitled “Entities Wholly Owned by Indian Tribal Governments” (REG-113628-21) is Tuesday, January 21st, 2025 at 11:59 p.m. Alaska Time. Comments can be submitted via email to tribal.consult@treasury.gov.

NAFOA has prepared a template support letter (DOCX) to assist tribes in submitting comments on the proposed regulations, which seek to clarify the federal income tax status of wholly owned Tribally chartered entities and expand access to clean energy tax credits. The template highlights key provisions, including the removal of restrictive “integral part” tests, and a call for additional guidance on subsidiary and partially owned entities.

Download Template Support Letter (DOCX)

2. CONFERENCE:
Registration is Open for NAFOA’s 43rd Annual Conference
Registration is officially open for NAFOA’s 43rd Annual Conference! Join us in New Orleans on April 28-29, 2025, with our host tribe, Jena Band of Choctaw Indians.

This year’s annual conference promises an unforgettable experience in the vibrant heart of the Big Easy. Join us for two days of insightful sessions and exclusive networking opportunities. Engage with fellow tribal leaders and professionals, explore the latest policy developments, and discover new perspectives that will empower your Tribe’s success. Secure your spot today and let the good times roll!

Register for the Conference

3. WEBINAR:
How to maximize IHBG-C grants with tax credits to create more homes for your community
​​Thursday, January 30th, 1:00-2:00 p.m. CST

You can significantly increase the impact of your $5 million or $7.5 million IHBG-Competitive grant by using it alongside another leading funding source. The Low Income Housing Tax Credit (LIHTC) program—the primary tool for creating and preserving affordable housing—has helped many Tribally Designated Housing Entities build more homes for their communities. By combining LIHTC with your IHBG-C funds, you can increase the number of homes built with money that doesn’t need to be repaid. During the webinar, we’ll discuss integrating IHBG-C and LIHTC and other helpful tips from experts. ​​​​​

Please note, to successfully register you will need to create a free Zoom account: https://zoom.us/signup#/signup

Source: Travois Register

4. COMPLIANCE:
IRS offers office hours for help with the pre-filing registration process for elective payment and transfer of clean energy and CHIPS credits
The Internal Revenue Service (IRS) is offering office hours (through Microsoft Teams) to help entities with the pre-filing registration process on the IRA/CHIPS Pre-filing Registration Tool. Pre-filing registration is a required step for applicable entities and eligible taxpayers to take advantage of elective payment or transfer of credits available in the Inflation Reduction Act and CHIPS Act. Representatives from the IRS will be available to answer your pre-filing registration questions.

Office hours will be held biweekly on Wednesdays from 1:00 – 2:30 PM EST, starting January 15 and running through July 16, 2025.

Source: Internal Revenue Service Learn More and Register

5. JOBS:
Finance and Operations Manager, Home Planet Fund
As the Finance and Operations Manager, you will work closely with the Executive Director and play an important role in furthering HPF’s mission through implementation of strategic plans, effective direction of operations, and finance management.

The Finance and Operations Manager will be responsible for managing and optimizing all internal operations, with a focus on driving the organization’s social and environmental impact. This includes overseeing all financial and administrative functions, developing and implementing operational strategies, and driving cross-functional collaboration. The ideal candidate will have experience in high-performing and high impact spaces and have a passion for creating positive change in the world.

The ideal candidate will also be interested in growing in the role and organization, including working more with the ED over time on general strategy.

Learn More & Apply at nafoa.org/jobs